Alex Berenson
Alex Berenson
Alex Berensonis a former reporter for The New York Times and the author of several thriller novels and a book on corporate financial filings...
NationalityAmerican
ProfessionAuthor
Date of Birth6 January 1973
CountryUnited States of America
banks finance green home loans millions outside pool process small thousands worth
Like many other banks and finance companies, Green Tree used a process called securitization to resell its home loans to outside investors. Green Tree grouped thousands of these small loans into a pool worth hundreds of millions of dollars.
banks capital deals divisions equity finance private risky
Big banks have long had private equity divisions that put up capital for deals too complex or risky for individual shareholders to finance.
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The biggest profit center for investment banks is the hefty fees they charge for underwriting stock offerings and giving financial advice, and analysts put those profits at risk if they publish negative conclusions about the companies that pay the fees.
banks care companies fields health potential prospects technology venture whatever
Whatever the potential pitfalls, banks are increasingly enthusiastic about venture capital, particularly in new companies with strong prospects in fields like health care and technology.
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Normally, banks record profits on loans only as they are repaid, whether they securitize the loans or hold them on their books.
banks business central economies greatly interest lowering manage national raising
Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates.