Real estate blog entries tagged with housing bubble by Northern Virginia Homes

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Home : Blogs : FRANK LL0SA- Northern Virginia Broker .:. FranklyRealty.com : FRANKLY Real Estate Blog : Tag "housing bubble"

housing bubble: SIV= Imagine Enron, Bank Wide. - 11/30/07 07:10 PM

First, a disclaimer. I am not a banker. I am not a financial advisor. I'm just a Realtor. Please ignore anything that I say.
Update 12-1-07: I want to make the concept of SIVs more clear.

Imagine this:
Bank has $1 Billion making 5%Bank figures they can start a fake company (which is not reported to shareholders, and off all books) and "Lend" the fake company/subsidiary the $1B in order to buy riskier portfolios and sell them for 8%, but with a "this is backed by an A grade company."Newly added 12-5-07 bank lever the business 14 to 1. Pocket the 3%, and that makes them $30 Million a … (21 comments)

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