Word: dollarization
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Dates: during 2000-2009
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...movie companies, who want to squeeze every dollar out of young teens, hate to see their most reliable audience barred at the theater door. Not that moviemakers can't get away with a lot. Baron Cohen's last jape, the 2006 Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan, contained a nude-wrestling scene that had the star's face in the genitals of his fat, hairy assistant - but it received wide distribution and grossed $129 million domestically on an $18 million budget because the MPAA withheld the taboo rating and gave it an R, which...
...Some observers say the multi-hundred billion dollar losses, along with the possibility that government will be tapped out when it comes to financial rescues, raise the question as to whether some of the big banks will choose to, or be able to, participate in the Treasury's PPIP program...
...loss the PPIP would create is still the question, and few analysts are willing to put a number on that the figure. Goldman Sachs estimates that on average banks value mortgage loans on their books at $0.91 on the dollar. That means they agree those loans are worth 9% less than their original value. The market, though, thinks many of those loans are worth much less. Some highly rated mortgage bonds based on subprime loans recently traded for as little...
...Here's where things start to get interesting: A lower price translates into a high potential return for an investor. When the loans were made, an investor who bought them at "par," or the dollar value of the loan, could expect a return of around 7%. That's a more than acceptable rate of return if you believe you will get paid back. But now that defaults are rising on home loans, investors are demanding higher returns to compensate them for the risk that a mortgage will end up delinquent or in foreclosure. A price of $0.26 implies that investor...
...asset in part with loans should be willing to pay more than someone who has to buy that same asset with just their own cash. Based on TIME.com's analysis, an investor, using the 6-to-1 leverage the government is providing, can pay as much as $0.70 per dollar lent, and still expect to get the same return as an unlevered investor...