sidicks Posted March 19, 2008 Report Share Posted March 19, 2008 I'm guessing this is the presentation entitled "Sub Prime Primer", involving "Ace Mortgage Brokers", "First Bank of Bankland", and the "Really smart Guys Investment Bank".....? Very amusing, but probably closer to the truth than ideal! Sidicks Link to comment Share on other sites More sharing options...
mb Posted March 19, 2008 Report Share Posted March 19, 2008 Thanks found it on google - subprime primer Link to comment Share on other sites More sharing options...
Booster Posted March 19, 2008 Report Share Posted March 19, 2008 Very good!! Link to comment Share on other sites More sharing options...
patently Posted March 19, 2008 Report Share Posted March 19, 2008 Superb! (although slightly frightening ) Link to comment Share on other sites More sharing options...
Ari Posted March 19, 2008 Report Share Posted March 19, 2008 [ QUOTE ] Thanks Ari, why did someone just not say that in the first place? [/ QUOTE ] You're welcome. Link to comment Share on other sites More sharing options...
Ritey Posted March 19, 2008 Report Share Posted March 19, 2008 It's here too ... sub prime Link to comment Share on other sites More sharing options...
Brabus Posted March 19, 2008 Report Share Posted March 19, 2008 [ QUOTE ] It's here too ... sub prime [/ QUOTE ] Link to comment Share on other sites More sharing options...
cruiser647 Posted March 19, 2008 Report Share Posted March 19, 2008 Ha ha! Link to comment Share on other sites More sharing options...
Luke Posted March 20, 2008 Report Share Posted March 20, 2008 Someone has made a shed load of money out of this and then just run away and hidden. Leaving a massive mess for someone else to clear up, very clever but not very nice... Link to comment Share on other sites More sharing options...
Ari Posted March 20, 2008 Report Share Posted March 20, 2008 Not much money to be made lending cash to people who can't pay it back... Link to comment Share on other sites More sharing options...
garcon magnifique Posted March 20, 2008 Report Share Posted March 20, 2008 Ah, but plenty to be made right up to the point at which they do stop paying it back, eh? Just as long as you don't end up holding the parcel... Link to comment Share on other sites More sharing options...
Ari Posted March 20, 2008 Report Share Posted March 20, 2008 Too true. Unfortunately, no one seems to actually know what the parcel looks like, or who's holding what bits of it... Link to comment Share on other sites More sharing options...
CabGirl Posted March 20, 2008 Report Share Posted March 20, 2008 I think I know what I'm holding! Link to comment Share on other sites More sharing options...
Soulboy Posted March 20, 2008 Report Share Posted March 20, 2008 [ QUOTE ] I think I know what I'm holding! [/ QUOTE ] I beg your pardon CG! Link to comment Share on other sites More sharing options...
CabGirl Posted March 21, 2008 Report Share Posted March 21, 2008 I think that came out a bit wrong! Link to comment Share on other sites More sharing options...
Ari Posted March 21, 2008 Report Share Posted March 21, 2008 [ QUOTE ] I think that came out a bit wrong! [/ QUOTE ] I beg your pardon CG! Link to comment Share on other sites More sharing options...
Brisel Posted March 24, 2008 Report Share Posted March 24, 2008 Has anyone heard of any business overdrafts being called in yet? Overdrafts are theoretically repayable on demand. The reason I ask is that I am a farm manager on an arable farm. We grow crops only like wheat & oilseed rape. Our income & expenditure is very seasonal. We harvest & sow in the summer & autumn then sell the crops throughout the year causing large fluctuations in cashflow. The bank overdraft gets pretty big at times eg. September, when overtime, fuel, repairs bills are at their highest. Farmers are normally seen as low risk borrowers as they are largely asset rich and cash poor. We pay 1% over base for overdrafts but are worried that we could be seen as a quick source of cash for illiquid banks. Would overdraft repayment demands be seen as an indicator of trouble for the banks? I can't really see agriculture as being a cash source as it contributes little to the UK GDP. Link to comment Share on other sites More sharing options...
Booster Posted March 24, 2008 Report Share Posted March 24, 2008 I don't think that any of the banks would "blanket" reduce or call in any business overdrafts. It wouldn't be good for them. However, I can see that riskier businesses would be under the microscope and those overdrafts secured by debenture and not bricks and mortar or, as in your case, land are likely to come under scrutiny. 1% over base is very good for an overdraft Link to comment Share on other sites More sharing options...
cruiser647 Posted March 24, 2008 Report Share Posted March 24, 2008 [ QUOTE ] Has anyone heard of any business overdrafts being called in yet? Overdrafts are theoretically repayable on demand. The reason I ask is that I am a farm manager on an arable farm. We grow crops only like wheat & oilseed rape. Our income & expenditure is very seasonal. We harvest & sow in the summer & autumn then sell the crops throughout the year causing large fluctuations in cashflow. The bank overdraft gets pretty big at times eg. September, when overtime, fuel, repairs bills are at their highest. Farmers are normally seen as low risk borrowers as they are largely asset rich and cash poor. We pay 1% over base for overdrafts but are worried that we could be seen as a quick source of cash for illiquid banks. Would overdraft repayment demands be seen as an indicator of trouble for the banks? I can't really see agriculture as being a cash source as it contributes little to the UK GDP. [/ QUOTE ] With the price of wheat as it is - if it lasts until your next harvet, you should be happy (happier) bunnies (most arable farmers). Oilseed Rape is also a good earner now with the Bio-fuel demands??? Link to comment Share on other sites More sharing options...
Brisel Posted March 25, 2008 Report Share Posted March 25, 2008 [ QUOTE ] With the price of wheat as it is - if it lasts until your next harvet, you should be happy (happier) bunnies (most arable farmers). Oilseed Rape is also a good earner now with the Bio-fuel demands??? [/ QUOTE ] Can't complain with the agriculutral commodity prices at the moment or the weak £ vs €. They all help boost income after some very lean years. I do feel sorry for the poor chicken/beef/sheep/pig farmers who now have much higher feed costs without a matching rise in meat prices. The surge in ag. commodity prices has all but stalled the fledgling biofuels markets - to be competitive again oil will have to rise to $150/barrel! To be honest, biodiesel from vegetable oils & bioethanol from starch (wheat & maize grains) aren't very carbon friendly fuels anyway. If ethanol from cellulose (straw & woody material) can be made commercially viable then that will really help solve the oil dependency crisis. Getting back on topic, my worry is that as a tenant farmer with no land owned, our asset base is much smaller with the resulting higher gearing and higher risk element. As you rightly said, arable farmers should be seen as a potential source of business going forward, not as a high risk. Link to comment Share on other sites More sharing options...
Quattrophenia Posted April 3, 2008 Report Share Posted April 3, 2008 For those of you who want to better understand the dynamics of the credit crunch. http://media.ft.com/cms/c0b7a3f6-6dbf-11dc-b8ab-0000779fd2ac.swf Link to comment Share on other sites More sharing options...
Hopsta Posted April 8, 2008 Report Share Posted April 8, 2008 Well for me the credit crunch has hit with a thump! I work for a mortgage lender (not high street) and as of 3 weeks ago we stopped lending, the morning after the Bear Sterns sell off. As things have got worse over the previous 6 months and there is no light in sight, they've announced redundancies of about 50% (90 staff), consultation period in progress. There is no telling how long this slump will last, but i really can't see any changes for the better until 2009. Link to comment Share on other sites More sharing options...
CarMad Posted April 8, 2008 Report Share Posted April 8, 2008 Yikes thats not good at all, hope things aren't to tough going forwards. Link to comment Share on other sites More sharing options...
Brabus Posted April 9, 2008 Report Share Posted April 9, 2008 Well for me the credit crunch has hit with a thump! I work for a mortgage lender (not high street) and as of 3 weeks ago we stopped lending, the morning after the Bear Sterns sell off. As things have got worse over the previous 6 months and there is no light in sight, they've announced redundancies of about 50% (90 staff), consultation period in progress. There is no telling how long this slump will last, but i really can't see any changes for the better until 2009. Yep, we seem to be streamlining here at work too, five people fired in the last couple of days. Link to comment Share on other sites More sharing options...
Riz Posted April 16, 2008 Report Share Posted April 16, 2008 Halifax have just increased their rates by 0.5%!!!!! Riz Link to comment Share on other sites More sharing options...
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