CNBC HOUSE OF CARDS VIDEOS * Moodies‚ S&P‚ and Fitch are the three rating agencies * Stickmen securitization CHAPTER 1 – EASY MONEY OR MORTGAGE MARKET ON FIRE Who the players are? Stakeholders? Technical and ethical issues are? What was the relationship about prices and personal incomes? People started to buy houses that they couldn’t afford and then they were left behind leaving. The economy is falling and so are the communities. Insects‚ graffiti‚ dirty pools are left
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ASSIGNMENT * Identify TV Ads that were aired and then was immediately withdrawn. What was the reason? * TV ADVERTISEMENT: San Marino Corned Tuna with Dingdong Dantes as the commercial model The commercial of San Marino Corned Tuna of CDO Foodsphere had been prevented by BPI from airing because of the complaint by Century Canning. Their complain was on San Marino Corned Tuna’s tagline “More tuna” which they say was comparing the contents of San Marino and Century Tuna Flakes in oil but
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2.) Profits 2003-2007: The profits of these funds from 2003-2007 are shown in the table below. There was a significant decrease in the yields from 2003-2007 because of the collapse of the funds. Year CDO yields Borrowing Costs (1year LIBOR rates + CDS rates) Profits from the funds (CDO – Borrowing Costs) 2003 5.67*1.25= 7.09 1.37+.30=1.67 5.42 2004 5.63*1.25= 7.04 2.19+.36=2.55 4.49 2005 5.24*1.25= 6.55 4.09+.30=4.39 2.16 2006 5.59*1.25= 6.99 5.35+.23=5.58 1.41 2007 5
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STATEMENT OF THE PROBLEM It is 2009 when CDO Foodsphere Inc. launched the product‚ San Marino Tuna Paella‚ which is an instant rice meal for people on-the-go. It has been a boom after its promotion but as years pass by‚ people are starting to forget the product and instant noodles has been on top for ready-to-eat products. 1. How will San Marino Tuna Paella increase its market share and brand awareness? 2. How will San Marino Tuna Paella compete with its increasing number of competitors? 3
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.................... 7 ASSET BACKED SECURITIES (ABS)..................................................................... 7 MORTGAGE BACKED SECURITIES (MBS‚ RMBS‚ CMBS)............................................ 8 COLLATERALIZED DEBT OBLIGATIONS (CDO‚ CLO‚ CBO) .......................................... 8 ASSET BACKED COMMERCIAL PAPER (ABCP) ..........................................................
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4. The raw material for a collateralized debt obligation (CDO) is _______________? The raw material of these "obligations" were made up of cash flow generating assets such as bonds‚ mortgages‚ and loans. They are typically made up of BBB‚ A−‚ etc. tranches. These tranches included over three trillion dollars of loans to homebuyers with bad credit and undocumented incomes through 2007 5. What was the rationale for giving senior CDO tranches AAA ratings? The idea is that if
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a. Why is corporate finance important to all managers? Answer: Corporate finance provides the skills managers need to: (1) identify and select the corporate strategies and individual projects that add value to their firm; and (2) forecast the funding requirements of their company‚ and devise strategies for acquiring those funds. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form
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MINI CASE a. Why is corporate finance important to all managers? Corporate finance is important to all managers because it provides managers the skills needed to identify and select the corporate strategies and individual projects that add value to their firm and forecast the funding requirements of their company and devise strategies for acquiring those funds. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages
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After years of deliberation‚ Saunders Hall at UNC-Chapel Hill has become “Carolina Hall” (Stancill). Saunders was a leader of the Klu Klux Klan (KKK) during the 19th century. The board of trustees voted 10-3 to change the name; however‚ many questioned if their vote was going to be seen as changing history. Inevitably‚ it was seen as an act of righting a wrong of history given the board of trustees from 1920 used Saunders’ leadership in the KKK as a qualifier for naming the building. “We’re not changing
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RESEARCH PAPER 09/34 22 APRIL 2009 The financial crisis in the US: key events‚ causes and responses The current financial crisis started in the US housing market in 2007. The crisis spread across the world and severely damaged the economies of many countries‚ including the US‚ and reached a new level in September 2008 as a number of prominent US-based financial institutions‚ including AIG and Lehman Brothers‚ collapsed. This Research Paper first examines the underlying causes of
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