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Monline difficulties spill over into money market funds
Component
1
#7145
Monolines problems will in turn engender large losses, and potential runs, on the money market funds that invested in these toxic products.
CONTEXT
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The Global Financial Crisis »
The Global Financial Crisis
The Global Financial Crisis☜Exploring the causes, consequences and responses to the global financial crisis. ☜F1CEB7
▲
Immediate triggers of the financial crisis? »
Immediate triggers of the financial crisis?
Immediate triggers of the financial crisis?☜What were the immediate triggers of the current financial crisis?☜FFB597
▲
Pathology in the Credit Default Swaps market »
Pathology in the Credit Default Swaps market
Pathology in the Credit Default Swaps market☜Credit Default Swaps, which originated as legitimate finance instruments that acted as a kind of insurance (offsetting risk in return for a premium), morphed into something more akin to high stakes gambling.☜59C6EF
▲
Monoline insurers struggling to meet guarantees »
Monoline insurers struggling to meet guarantees
Monoline insurers struggling to meet guarantees☜Monoline insurers, which guarantee the repayment of bond principal and interest when an issuer defaults, facing huge losses due to their insurance of toxic RMBS, CDOs and other Asset backed securities.☜9FDEF6
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Monline difficulties spill over into money market funds
Monline difficulties spill over into money market funds☜Monolines problems will in turn engender large losses, and potential runs, on the money market funds that invested in these toxic products.☜9FDEF6
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Entered by:-
David Price
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#7145
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Entry date (GMT):
10/10/2008 10:13:00 PM
Last edit date (GMT):
10/10/2008 10:13:00 PM
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