Jermak Timofejewitsch
08.09.2007, 12:59 |
Heuschreck ĂĽber BoE:"It became clear they did not know what a CLO was" Thread gesperrt |
-->so in etwa sind wohl auch die beruhigenden Worte von Trichet und Bernanke an die Finanzmärkte einzuschätzen...
The private equity investor said the Bank was hampered in its efforts to manage the crisis by its sketchy knowledge of such important debt vehicles as collateralised loan obligations (CLOs). These are securities backed by leveraged loans, which can include US subprime mortgages and whose creditworthiness may be questionable.
Mr Moulton said that during a breakfast meeting with Bank officials “it became clear they did not know what a CLO was. I had to show a senior man [by drawing a diagram] on the back of a napkin.” Speaking ironically, Mr Moulton said: “It was really reassuring to see they did not know what was going to explode on them.”
The power of the Bank to control debt markets had been significantly reduced by the proliferation of securitised debt, according to Mr Moulton, who is the senior partner of Alchemy, a mid-market buyout firm. He said the Bank had “no weapons to control CLOs”. The Bank declined to comment on Mr Moulton’s criticisms.
<ul> ~ Nettes Anekdötchen </ul>
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dottore
08.09.2007, 13:45
@ Jermak Timofejewitsch
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Re: Heuschreck ĂĽber BoE:"It became clear they did not know what a CLO was" |
-->Hi Jermak,
Danke für das Anekdötchen. Jon Moulton ist Alt-Profi und gibt die von der BoE und dem MPC regelmäßig der Lächerlichkeit preis.
Anderes Anekdötchen gefällig (ca. 8 Monate her):
Frage an Buba-AW:"Wie beurteilen Sie die kommenden Subprime-Probleme?"
"Da mĂĽssen Sie schon genauer fragen!"
"Zum Beispiel, wie es mit den NINJAs weitergeht?"
"Asiaten haben so ihre Besonderheiten, die uns hier nicht weiter interessieren."
Das Problem mit den ganzen ZBlern: Sie kommen ex Academia und haben keinerlei Fronterfahrung. Deshalb verdienen sie auch nur max. ein Tausendstel dessen, was die Top Dogs dort einschieben, wo die Musik spielt.
GruĂź!
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Dimi
08.09.2007, 14:39
@ dottore
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Re: Heuschreck ĂĽber BoE:"It became clear they did not know what a CLO was" |
-->Hallo Dottore,
>Anderes Anekdötchen gefällig (ca. 8 Monate her):
>Frage an Buba-AW:"Wie beurteilen Sie die kommenden Subprime-Probleme?"
>"Da mĂĽssen Sie schon genauer fragen!"
>"Zum Beispiel, wie es mit den NINJAs weitergeht?"
>"Asiaten haben so ihre Besonderheiten, die uns hier nicht weiter interessieren."
auch wenn der Kontext nur eine Bedeutung zuläßt, bei Ninja kann man schon mal an Japan denken. Der Begriff selbst ist doppeldeutig (aus http://en.wikipedia.org/wiki/Ninja_(disambiguation)):
"Ninja loan: a Japanese yen syndicated loan by a foreign borrower.
NINJA loan: a loan to someone with 'No Income, No Job, or Assets'."
Hier ĂĽbrigens zum Thema eine Frage an Dich (falls nicht bereits gesehen) von DT: http://f17.parsimony.net/forum30434/messages/389590.htm
GruĂź, Dimi
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weissgarnix
08.09.2007, 14:49
@ Jermak Timofejewitsch
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kein Wunder! - Re:"It became clear they did not know what a CLO was" |
-->... die Briten sagen ja dazu auch nicht"CLO", sondern"Men's room" oder"Toilette". In so feinen Kreisen wie bei den Zentralbankern wĂĽrde eine Frage nach dem"CLO" zudem vermutlich auch nur NaserĂĽmpfen ernten, weil man sich hier noch eine Stufe nobler ausdrĂĽckt und galant fragt:"Where can I wash my Hands, please?" wenn man aufs CLO muss...
>so in etwa sind wohl auch die beruhigenden Worte von Trichet und Bernanke an die Finanzmärkte einzuschätzen...
>The private equity investor said the Bank was hampered in its efforts to manage the crisis by its sketchy knowledge of such important debt vehicles as collateralised loan obligations (CLOs). These are securities backed by leveraged loans, which can include US subprime mortgages and whose creditworthiness may be questionable.
>Mr Moulton said that during a breakfast meeting with Bank officials “it became clear they did not know what a CLO was. I had to show a senior man [by drawing a diagram] on the back of a napkin.” Speaking ironically, Mr Moulton said: “It was really reassuring to see they did not know what was going to explode on them.”
>The power of the Bank to control debt markets had been significantly reduced by the proliferation of securitised debt, according to Mr Moulton, who is the senior partner of Alchemy, a mid-market buyout firm. He said the Bank had “no weapons to control CLOs”. The Bank declined to comment on Mr Moulton’s criticisms.
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bernor
09.09.2007, 20:46
@ dottore
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Wie bei KuK:"Majestät, die Valuta ist gesunken" -"Oh Gott, die armen Matrosen!" (o.Text) |
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