Credit Bubble and"GE's Hidden Flaw"

verfasst von JüKü, 13.08.2000, 21:48

Ich glaube, es wurde hier schon mal erwähnt, trotzdem noch mal:

John Plender, Financial Times, July 31:

“Central bankers traditionally argue that finance is importantly different
from other business because of its systemic implications. At GE, this
boils down to the statistic that $129 billion of GE Capital’s $200bn
borrowings are short term, consisting partly of commercial paper
unsupported by bank lines. This could make the group vulnerable to
funding shocks. Since it is the biggest non-bank financial group in the US,
that could in turn pose a systemic threat. At the end of last year, its
balance sheet contained $330bn of tangible assets. Of this total, $168bn
consisted of loans and receivables, including investment financing in such
industries as aircraft, rail and automobiles. A further $80bn consisted of
investment in corporate, government and mortgage-backed debt, and
equity holdings. It would take only a 3 per cent fall in the value of
tangible assets, or a 5.9% fall in the value of receivables, to wipe out its
tangible capital base of $9.9bn.”


Der ganze Artikel (recht lang) über die Ursprünge der Credit Bubble (S&L-Krise 1990) hier: http://www.prudentbear.com/credit.htm

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gesamter Thread:

• Credit Bubble and"GE's Hidden Flaw" - JüKü, 13.08.2000, 21:48
  • Re: Credit Bubble and"GE's Hidden Flaw" - dottore, 14.08.2000, 09:33