Ao minuto: "Uma civilização inteira morrerá esta noite", ameaça Trump

[moguita]

E não está sozinho

Subprime Defaults to Soar, Hurt Lenders, Funds Say (Update1)

By Jenny Strasburg

March 15 (Bloomberg) -- Harbinger Capital Partners and Paulson & Co., hedge-fund managers who profited when subprime- mortgage defaults surged, told investors that delinquent loans will soar and more lenders will disappear.

``We believe we are in the early stage of a correction in this market and that the market will eventually implode,'' New York-based Paulson & Co., which manages $11 billion, said in a letter to investors last week. Paulson said bad loans held by the riskiest borrowers will ``skyrocket'' and ``most, if not all, of the independent originators will go bankrupt.''

Paulson and New York-based Harbinger posted record gains last month on credit derivatives that increased in value as prices for securities backed by subprime loans fell. Paulson's 8-month-old credit fund gained 67 percent, swelling assets to almost $2 billion. Harbinger's $6 billion distressed-debt fund returned 8.1 percent, according to an investor update. Both firms said they continue to bet loan defaults will rise.

Investors holding mortgage-backed bonds stand to lose $100 billion from defaults on $10 trillion in outstanding home loans, Citigroup Inc. bond analysts said this month. Hedge funds have profited from the rising costs of insuring against defaults and from fears that Wall Street will finance fewer subprime loans, hurting new-home sales and the economy.

Banks ``will shut down their origination platforms,'' and the business of pooling subprime loans into packages of securities ``will all but disappear,'' Paulson said in its letter. ``While the bonds have fallen significantly, we think they have much further to fall.''

[Luka!]

Cada vez que Greenspan abre a boca vem tudo por ai abaixo...!
Em sintese: os problemas do sector imobiliario deverão contagiar outros sectores" ... os futuros dos mercados US começaram a baixar imediatamente.

Greenspan Expects Subprime Mortgage Fallout to Spread (Update1)

By Steve Matthews and Scott Lanman

March 15 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said he expects the fallout from subprime-mortgage defaults to spread to other parts of the economy, especially if home prices decline.

``If prices go down, we will have problems -- problems in the sense of spillover to other areas,'' Greenspan said in remarks to the Futures Industry Association meeting in Boca Raton, Florida today. While he hasn't seen such spreading yet, ``I expect to.''

Subprime borrowers, or those with poor or limited credit histories, are increasingly defaulting after looser lending standards allowed them to take on more debt than they could afford. Last month, Greenspan told an audience in Toronto that ``disarray'' in the subprime mortgage market isn't likely to create greater financial instability in the rest of the economy.