Fed's Rosengren urges banks to enter subprime market

A

ASusilovic

WASHINGTON (MarketWatch) -- Commercial and savings banks may find profitable opportunities to explore in the subprime mortgage market, said Eric Rosengren, the new president of the Boston Federal Reserve Bank. "The most critical issue is that financing that supports responsible subprime lending continue," Rosengren said in a speech to the Chamber of Commerce in Portland, Maine. Rosengren said the recent market turmoil was not a wholesale reassessment of risk by investors. Instead, the central issue was a lack of liquidity, he said. Rosengren said that investors will slowly gain confidence in their ability to evaluate the quality of ratings on complex securities tied to mortgages and that "conservatively underwritten securitizations and asset-backed commercial paper will find acceptance by investors."

Ha, ha, ha !!!!!! Please, please, please !
 
Quote from Daal:

with appropriate underwriting standards subprime lending can be a good thing
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With appropriate underwriting standards subprime lending can be ... non-existent.
 
Quote from Daal:

with appropriate underwriting standards subprime lending can be a good thing
More...
Sorry you are a knobhead the whole idea was very fucked
 
Quote from ASusilovic:

WASHINGTON (MarketWatch) -- Commercial and savings banks may find profitable opportunities to explore in the subprime mortgage market, said Eric Rosengren, the new president of the Boston Federal Reserve Bank. "The most critical issue is that financing that supports responsible subprime lending continue," Rosengren said in a speech to the Chamber of Commerce in Portland, Maine. Rosengren said the recent market turmoil was not a wholesale reassessment of risk by investors. Instead, the central issue was a lack of liquidity, he said. Rosengren said that investors will slowly gain confidence in their ability to evaluate the quality of ratings on complex securities tied to mortgages and that "conservatively underwritten securitizations and asset-backed commercial paper will find acceptance by investors."

Ha, ha, ha !!!!!! Please, please, please !
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It is indeed an amazing statement.
 
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