Sunday, December 12, 2010

The total loss of U.S. subprime assets, or up to 300 billion U.S. dollars.

<P>: Http://finance. Information, OECD (OECD) has said the U.S. subprime crisis led to the total losses may reach 3,000 billion U.S. dollars. .The organization also said the weak U.S. housing market has not bottomed out, banks, hedge funds and insurance companies holding mortgage-related securities and derivatives classes will continue to fall. .</ P> <P> OECD said the revaluation of assets on the mortgage, bad debts and the final loss has not yet reached the worst level, is expected to be in the March 2008 peak. .Among them, the need for revaluation losses on subprime mortgage assets will be approximately 1,250 billion U.S. dollars. .If you include the so-called "Alt-A" mortgage asset market (between sub-prime market and between the loan market), the sub-prime assets, the accumulated losses will reach 200 billion -3000 million. .</ P> <P> OECD also said that Citibank, Bank of America and JPMorgan Chase has created a super fund is to buy distressed mortgage assets, in order to avoid further depreciation of those assets. .</ P>.

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