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Bad Loan Securitizations To Soar Incredible 1,700% In 2017
For those who haven't seen it, have a look at the following table which catalogues NPL ABS issuance in China during 2016:
(Table: Deutsche Bank with my highlights)
For those unfamiliar, NPL ABS are asset-backed securities where the "assets" are non-performing loans. So in other words, we're talking about securities secured by very unsecure loans.
Why would you want to buy a security "backed" by Chinese banks' sour loans? Well, you probably wouldn't, but a 4% yield doesn't look too bad in t
H- That is priceless I am laughing so hard right now I keep making mistake on my keyboard. Who are these people. This reminds me of getting under my little wooden desk practicing for the big nuke attack!