The most crushing debt people are worried about, like subprime mortgage loans, has been securitized.
And the reality is, if the subprime securities are truly trash, most of the big banks are troubled and some are insolvent.
The bank played a central role in the subprime disaster that caused so much misery for so many.
Keller is a contractor whose construction business has sunk below water since the subprime mortgage crisis of 2008.
Citigroup The sins of Citi start with Sandy Weill—the perfect poster boy for the subprime era.
subprime mortgage bets killed them, as any real stress tests—or, better yet, autopsies—would show.
The subprime customer, though, is hit with rates four or five times that amount, paying interest rates of 18 or 20 or 25 percent.
Hedge funds it owned, which had employed vast leverage to bet on subprime bonds, loudly blew up in the summer of 2007.
As with the subprime racket, SLABS are often bundled with other kinds of loans and traded on secondary markets.
And Bernanke to his credit, used exactly the authority Greenspan refused to use to ban the wrong kind of subprime lending.