Word: bonde
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...global financial system with it. AIG had already cost the taxpayers some $170 billion, mostly to repair the damage done by one of its units, AIG Financial Products (AIG FP), which last year alone piled up $40 billion in losses related to its dealings in complex mortgage bond derivatives...
...credit markets frozen, Geithner, then head of the New York Fed, and Bernanke believed AIG was too close to collapse to do anything other than stop the bleeding. Failure by AIG to pay might have threatened its counterparties - for instance, Citigroup and, in turn, Citi's counterparties. A bond or a derivative is, after all, a promise to pay someone, and if there is no confidence in its fulfillment, the financial system ceases to function. It is not a fear that has gone away simply because AIG has been stabilized...
...admire your craft and think you would make a great 007. Have you ever wanted or been offered the role of James Bond? Phillip McDowell JACKSONVILLE...
...John Moody became the first financial analyst to assign letter grades to railroad bonds, giving investors an easier way to evaluate the rail companies' debt. It was the beginning of one of the most powerful forces in modern capitalism. Today a small club of bond-rating agencies, led by Moody's, Standard & Poor's and Fitch, wields enormous power, sending investors scrambling simply by changing the ratings that the firms assign to everything from Ireland's sovereign debt to General Electric's IOUs. They are pilloried for having wildly overestimated the quality of mortgage-related securities...
Poor's Publishing (later Standard & Poor's) started selling its bond ratings to investors in 1916; Fitch followed suit in 1924. In the 1930s, federal regulators began using these private ratings to evaluate the safety of banks' holdings, among other things, but the importance of the agencies waned following World War II as bond defaults became rare. The economic turbulence of the 1970s raised the industry's profile again. In 1975, the Securities and Exchange Commission (SEC) deemed certain firms "nationally recognized statistical ratings organizations"--making a sign-off from a ratings agency a necessity for anyone selling debt...