Heuschreck über BoE:"It became clear they did not know what a CLO was"

verfasst von Jermak Timofejewitsch, 08.09.2007, 12:59

-->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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gesamter Thread:

• Heuschreck über BoE:"It became clear they did not know what a CLO was" - Jermak Timofejewitsch, 08.09.2007, 12:59
  • Re: Heuschreck über BoE:"It became clear they did not know what a CLO was" - dottore, 08.09.2007, 13:45
    • Re: Heuschreck über BoE:"It became clear they did not know what a CLO was" - Dimi, 08.09.2007, 14:39
    • Wie bei KuK:"Majestät, die Valuta ist gesunken" -"Oh Gott, die armen Matrosen!" (o.Text) - bernor, 09.09.2007, 20:46
  • kein Wunder! - Re:"It became clear they did not know what a CLO was" - weissgarnix, 08.09.2007, 14:49