Zone de résistance (ninja loan)

[mustangup]

ZONE DE RÉSISTANCE avec benoit perron le gilles proulx de l'histoire et de la politique.

cette semaine:

- les ninja loan (lol) podcast http://cism2.cism.umontreal.ca/128/2...9.00-10.30.mp3

Citation:
A Ninja Loan is a type of subprime loan issued to borrowers with No Income, No Job, (and) no Assets. The phrase was coined by HCL Finance as a name for one of their finance products. They were especially prominent during the United States housing bubble of the 2000s but have gained wider notoriety due to the subprime mortgage crisis in July/August 2007 as a prime example of poor lending practices[1]. The term grew in usage during the 2008 financial crisis as the sub prime mortgage crisis was blamed on such loans. It works on two levels - as an acronym; and allusion to the fact that ninja loans are often defaulted on, with the borrower disappearing like a ninja.

"too big to fail" -Timothy Geithner

Prompt Corrective Action is a US federal law mandating that a FDIC regulated institution with insufficient capitalization be taken into receivership by the FDIC in order to minimize long-term losses to the FDIC.

In an interview on Bill Moyers Journal broadcast April 3, 2009, former bank regulator William K. Black asserted that federal officials were ignoring the PCA law requiring them to put insolvent banks into receivership. The PCA law applies only to institutions insured by the FDIC and therefore would not afffect, for better or worse, companies such as AIG.