eview
THE CRISIS, Sub Prime
A year ago a former President, World Bank or the Federal Reserve, warning that it had serious problems, but was silenced by the U.S. government, not to cause public alarm and not having at election time galloping recession.
banks could not warn of this problem, since they themselves were selling packages of debt to sophisticated investors.
qualified investors prepared to discuss this type of investment, never experienced a recession, very young and inexperienced, never imagined what was coming, never worked in companies with problems and only saw profits. (See note above)
BANKS WITH A FIRST LINE Desinformado
companies take people without experience, that their wages are lower, this lack of experience makes them impervious to bad news, most have had bad experiences or situations difficult, due to its short working life. Top seller has a profile, but the bank presents its clients as investment advisers.
usually have a domineering personality, great power of persuasion, learning reasons that have heard no real interest to understand the situation, they just need arguments to convince people to follow the recommendations of the banks. Not require knowledge of the market or financial experience. Ideally without vision problems, unsure of what they speak and only believe in a prosperous future. His knowledge is based on attracting people to contact resources, to give a reasonable explanation for the investment opportunities offered.
banks prepare to see on a screen the recommendations of the day, which must pass on to their customers. Usually these coincide among different banks, generating a belief in the client that is a good decision.
Their leaders created the SUB PRIME, a mechanism that makes it risky debt bonds are merged, reducing their risk, they place a vendor name, such as BOND PACKAGES WITH DIVERSIFIED RISK. And then with a little marketing, everyone wants to invest in them. The bank sells its risky packages to sophisticated investors. CUSTOMERS
customers roam the banks, where one after another, where they recommend the same actions and products until they are convinced that they are making a good decision. The bank does not care which they do depends on what you win customers, working for a commission, the more you move your money, banks earn more. They Customers need to follow their instructions and move their money. BANKERS
Not all employees are on the same level, there are some who know what happens, he has experience, are prepared. (See note above)
They know to whom they lend money, they know who has a high probability of failing in their mortgage payments. But it is the same as receiving awards for achieved goals, or lose money on every loan that do not perform. So do not stop lending, nor increase the guarantees required. It depends on the economic royalty.
SPENT THE SUBPRIME crisis do not stop with the sub prime, in a first stage, the crisis remained on packages of debt, lasting about two months and seemed to end. But then came the credit crunch and the liquidation of property, lowering the price of the properties. This lack of liquids led to the real estate to get money from the bag, but found a low demand for shares, and a beginning of liquidity in firms due to lower sales.
People in the U.S. ran out of money, and affect consumption. Deepening the crisis and falling asset prices. This lack of money, leveraging the crisis and became a problem of internal debt of a few billion dollars in a global recession.
EXPERIENCE THAT PROVIDES THE
But a professional with experience in the banking industry confuse people. By showing that there is no safe alternative and that is they who must decide what to do with your money.
would be very useful as an advisor to sophisticated investors, will ensure that investments are real, worry not to fall into deception, verify the livelihoods of the analysis.
examine opportunities to get out when they provide a low.
WHO CAN HELP YOU IN YOUR COMPANY or take
You also prefer to youth in positions of business, someone who will sell the project, which has a good relationship, but inexperienced. OR experience preferred. Hire a consultant or employee who knows the problems of lack liquidations, poor relationship with the contractor, with experience in several proposals and learn how each problem was developed.
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