Comments for Ringgit Channel http://www.ringgitchannel.com Financial Literacy Blog for Malaysians Fri, 21 Nov 2008 06:27:22 +0000 http://wordpress.org/?v=2.1.3 Comment on The Romance of Sub-Prime, Investment Bank and an Insurer by D. Nordin http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-284 D. Nordin Sat, 11 Oct 2008 02:08:30 +0000 http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-284 Thanks for the article. It's enlightening. Thanks for the article. It’s enlightening.

]]> Comment on The Romance of Sub-Prime, Investment Bank and an Insurer by alan http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-281 alan Thu, 09 Oct 2008 00:42:39 +0000 http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-281 When US got flu then whole world will be effected! Should U invest in Stock Market Now? http://www.alantanblog.com/ When US got flu then whole world will be effected!

Should U invest in Stock Market Now? http://www.alantanblog.com/

]]> Comment on The Romance of Sub-Prime, Investment Bank and an Insurer by hanson http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-280 hanson Wed, 08 Oct 2008 22:00:31 +0000 http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-280 The issue was, the banks loan out USD1 for houses that were worth USD1 at that time to ppl who were not qualify for the loan in the first place. The bank expected the house prices to increase. But the prices came down 15% to USD0.85. And these low credit worthiness people defaulted...obviously isn't it. What Lehman bro's did was they had USD1 and they leverage it by lending out USD30. So if out of USD30 they lose 15% or USD4.50, but they only have USD1, so they lose their pants..... The issue was, the banks loan out USD1 for houses that were worth USD1 at that time to ppl who were not qualify for the loan in the first place. The bank expected the house prices to increase. But the prices came down 15% to USD0.85. And these low credit worthiness people defaulted…obviously isn’t it. What Lehman bro’s did was they had USD1 and they leverage it by lending out USD30. So if out of USD30 they lose 15% or USD4.50, but they only have USD1, so they lose their pants…..

]]> Comment on The Romance of Sub-Prime, Investment Bank and an Insurer by mtsen.com http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-278 mtsen.com Wed, 08 Oct 2008 06:56:56 +0000 http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-278 sorry I must add ... the fundamental flaw is to loan $4 and hold a house worth $2 only isn't it ? if you loan only $1 in the first place, no matter what bubbles, bank should b ok right ? actually there will never be any bubble at all ... sorry I must add … the fundamental flaw is to loan $4 and hold a house worth $2 only isn’t it ? if you loan only $1 in the first place, no matter what bubbles, bank should b ok right ? actually there will never be any bubble at all …

]]> Comment on The Romance of Sub-Prime, Investment Bank and an Insurer by mtsen.com http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-277 mtsen.com Wed, 08 Oct 2008 06:49:39 +0000 http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-277 thanks, this is great ... I should have read this days ago coz I just wrote something about it too in http://malaysiapersonalfinance.blogspot.com/2008/10/2008-recession.html thanks, this is great … I should have read this days ago coz I just wrote something about it too in http://malaysiapersonalfinance.blogspot.com/2008/10/2008-recession.html

]]> Comment on The Romance of Sub-Prime, Investment Bank and an Insurer by The Causes of the 2008 Financial Crisis | Personal Finance Money Tips http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-276 The Causes of the 2008 Financial Crisis | Personal Finance Money Tips Tue, 07 Oct 2008 22:02:41 +0000 http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-276 [...] have a better understanding, I recommend that you read this explanation by Hanson. It is well-written, in Malaysian layman [...] […] have a better understanding, I recommend that you read this explanation by Hanson. It is well-written, in Malaysian layman […]

]]> Comment on The Romance of Sub-Prime, Investment Bank and an Insurer by KCLau http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-267 KCLau Wed, 01 Oct 2008 02:36:39 +0000 http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-267 Hi Hanson, This is a very clear explanation. The economical chain reaction nowadays and so complex and inter-linked. Your layman writing had given our fellow Malaysians a clear picture. Nice work! Hi Hanson,

This is a very clear explanation. The economical chain reaction nowadays and so complex and inter-linked. Your layman writing had given our fellow Malaysians a clear picture.

Nice work!

]]> Comment on My Malaysian Budget 2008/2009 Speech by Hanson http://www.ringgitchannel.com/2008/08/24/my-malaysian-budget-20082009-speech/#comment-265 Hanson Mon, 29 Sep 2008 10:15:31 +0000 http://www.ringgitchannel.com/2008/08/24/my-malaysian-budget-20082009-speech/#comment-265 you must be a tax agent .... all i can say is there are 2 certainties in life, death and taxes. If you dont get tax one way, you will get it other way. VAT, GST, Excise, Stamp duties etc you must be a tax agent …. all i can say is there are 2 certainties in life, death and taxes. If you dont get tax one way, you will get it other way. VAT, GST, Excise, Stamp duties etc

]]> Comment on The Romance of Sub-Prime, Investment Bank and an Insurer by hanson http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-264 hanson Mon, 29 Sep 2008 09:56:37 +0000 http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-264 Sub-prime issues were mainly caused by greed and the money was for speculation and not for economic value generation. Micro-credit were given to people who genuinely wants to improve their lives thru means of creating economic value. For example, in Bangladesh, micro-credit given to rural women to start a mobile phone renting business. They get a bicycle and a mobile phone. In rural areas of Bangaldesh, people sometiems need to walk for miles to get to the nearest phone. So these women folk will cycle round the villages, customers will hail them to rent their phones. These women are doing something that is useful, and it is for food on the table in their homes. Sub-prime issues were mainly caused by greed and the money was for speculation and not for economic value generation. Micro-credit were given to people who genuinely wants to improve their lives thru means of creating economic value. For example, in Bangladesh, micro-credit given to rural women to start a mobile phone renting business. They get a bicycle and a mobile phone. In rural areas of Bangaldesh, people sometiems need to walk for miles to get to the nearest phone. So these women folk will cycle round the villages, customers will hail them to rent their phones. These women are doing something that is useful, and it is for food on the table in their homes.

]]> Comment on The Romance of Sub-Prime, Investment Bank and an Insurer by Taxy Driver http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-263 Taxy Driver Mon, 29 Sep 2008 08:54:56 +0000 http://www.ringgitchannel.com/2008/09/28/the-romance-of-sub-prime-investment-bank-and-an-insurer/#comment-263 One thing I can never get though... how is it that sub-prime becomes a hindsight scapegoat while micro-financing has the highest known repayment rate? Are they not the same borrower profiles? One thing I can never get though… how is it that sub-prime becomes a hindsight scapegoat while micro-financing has the highest known repayment rate? Are they not the same borrower profiles?

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