.Thanks for sharing!
-buickregal(I BELIEVE);
2007-12-7{19}(#4105371@0)
What is the impact to CIBC?
-simmersnake(步履无声);
2007-12-8(#4108581@0)
CIBC has written off at least 1 billion dollars.
-nicetomeetyou(我思我在我梦我爱);
2007-12-8(#4108701@0)
more than that
-simmersnake(步履无声);
2007-12-11(#4114284@0)
There might be 2 Billons more write-downs in 1st Q 2008
-mteverest(Everest);
2007-12-11(#4114348@0)
The real problem is those rating agencies have lost their credibilities. How come those AAA bonds have so many defaults? The fears dominate people's mind, then the liquidity dries up and big SIVs default.
-student1(working hard);
2007-12-8(#4108725@0)
To regain credibilities, those rating agencies have been forced to downgrade those bonds which induces huge losses in the mark to market process according to accounting rules. That's terrible.
-student1(working hard);
2007-12-8(#4108727@0)
Well, not even rating agency knew what's in those SIV before rating was giving out.Over-collateralization, waterfall scheme, plus subordination, give junk status assets some upgrades to AAA, AA or A etc investment grade ratings.
Plus the pyramid scheme of CDOs (resecuritization of any debts possible on planet earth).
-zuluking(Pursuit of Happyness);
2007-12-9{238}(#4109546@0)
美国的资本主义，资本家最痛恨政府对市场的干预。这也是为什么，bush/paulson对subprime市场干预遭到了这么多的反对意见。
-zuluking(Pursuit of Happyness);
2007-12-9(#4109595@0)
I might disagree with you on that. most bank could not survive without politic connection.
-simmersnake(步履无声);
2007-12-11(#4114289@0)
when wall street lost a lot money, they will go for Federal Reserve to borrow more money
-simmersnake(步履无声);
2007-12-11(#4114298@0)
Hope you are not from CIBC, they suck.
-mteverest(Everest);
2007-12-9(#4109639@0)
be more specific?
-zuluking(Pursuit of Happyness);
2007-12-9(#4109661@0)
CIBC: The bank that wouldn't grow. For years CIBC has plunged headlong into ventures that promised easy riches at the expense of long-term stability. Whenever there was a bubble about to burst, you could be sure CIBC would be right at the center of it.John Hunkin sucked. Gerry McCaughey is no good either. $5.4 billions has been written off so far for the bad investments, especially for crisis for subprime mortgage sector in the US. CIBC has slipped to last place among Canada's big five in terms of maerket value.
-nicetomeetyou(我思我在我梦我爱);
2007-12-9{268}(#4109971@0)
all banks are the same. CIBC is just more aggressive. The question is how government and other banks will help CIBC now.
-simmersnake(步履无声);
2007-12-11(#4114292@0)
Wherever there are messes, there is CIBC. Enron? Subprime? Amaranth? oh men. Even more funny, CIBC's economist Jeff Rubin predict this morning US market will rebound for good of Fed, then the Market went to hell today. CIBC SUCKS.
-mteverest(Everest);
2007-12-11(#4114312@0)
My 2 cents: Don't believe in anything from CIBC.
-mteverest(Everest);
2007-12-11(#4114315@0)
too bad, very likely he is from CIBC
-szrocky(小石头);
2007-12-12(#4115880@0)
You brought a good point here, when foreigner buy chinese property, chinese yuan appreciate, when they sell chinese properties, chinese yuan depreciate.
-zuluking(Pursuit of Happyness);
2007-12-12(#4117272@0)
有意思
-chouchou3824(上下左右);
2007-12-11(#4112460@0)
if you have right to vote, who would be the next US president and why?
-simmersnake(步履无声);
2007-12-11(#4114301@0)
解得好, 这是我听到的最形象的CDO的解释, 不过CDO的后盾,应该不仅仅subprime, A, B, Alt A, Alt B, 都有吧.
-goingconern(GoingConcern);
2007-12-12(#4115292@0)
Comment? The Bank of Canada said today it will co-ordinate with other central banks, including the U.S. Federal Reserve, to make funds available to banks to deal with the global credit crunch still gripping world markets.