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The
crisis of non-payments in high-sector loans in the United States led to this disaster for the financial markets in Europe and Asia. You can say that he has
already accepted worldwide, provoking the collapse including the stock markets.
USA
Volumes on the failure of "dead" bad credit mortgage in the United States arenow from $ 50 to $ 100 billion This is a long remained hidden, and now all of a
sudden came up to the surface. Experts believed that the mortgage market will
need quite a long time to "match" this and recover from the
shock.
It is clear that not all banks and investment funds face this crisis. Already
closed two hedge fund Bear Stearns, serious loss is hedge fund Goldman Sachs,
it is possible that it will begin bankruptcy proceedings. Shares of leading mortgages lenders fell by 5-7%.
At the beginning of the week the Federal Reserve (Fed, the Central Bank of the
United States) has been actively involved in the situation in the financial
markets by throwing out a market of about $ 2 billion. This stuffing was
significantly lower than the required banks, especially when compared to theamount of bad credits intervention Friday at $ 38 billion, a record since 2001. Theinterventions have been conducted several days and the Bank of Canada, and the
Japanese Central Bank.
Economists expect the Federal Reserve will still be a bid to reduce the lead
after the liquidity crisis will officially launch at least one large bank or
fund. As long as the Fed does not take decisive steps, the market will remain
elusive.
EU
The most serious situation (after the United States) is in the European
financial markets. Meanwhile, the ECB issued into the market regular 48 billion
euros in order to contain the growth of alarmist sentiments and stabilize the
situation. This is the third intervention by the ECB (the total amount of funds
"credit" - 203 billion euros) in order to prevent the collapseof financial markets in Europe over the past 7 days. Then, in the view of ECB
officials, the financial markets calmed down somewhat. Representatives of the
ECB also argue that the funds are preparing for aid and other markets
(countries outside the EU).
The ECB had to go to these measures after the frightened mortgage payments crisis in the United States ceased to banks to lend to each other in the
interbank market.
American banking crisis affected most European banks, especially German,
actively present in the market of high-risk remortgage loans (sub-prime) in theUnited States. The problems began some time, but bankers have preferred to keep
quiet about them - until recently.
The European Commission (EC) began investigating the issue, which was viewed by
international rating agencies (Standard & Poor's, Moody's, Fitch), and why
they were not warned in time the world financial community that the situation
on the mortgage market, the United States is so bad.
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