Specifically, problems in the US housing sector have, since summer, undermined confidence in securitized assets.

It was called securitized mortgages.

Cash back loans to NINJA (No Income, No Job, and No Assets) customers that included voluminous fees to brokers and were securitized and structured up to 60 times do not represent any value.

Traditionally, the answer was banks in the securitized world, it remains a question.

Bank balance sheets had been strengthened after the 1997 1998 financial crisis, and were unencumbered by the overvalued securitized assets and complex derivative securities that caused much of the damage to advanced country financial institutions.

For example, the Troubled Asset Relief Program (TARP) originally targeted the purchase of complex securitized assets that had lost value and stopped trading, but had to be partly altered to direct infusions of capital into banks.

But securitized credit taken off one bank s balance sheet usually ended up on another bank s books.

Vickers is no more enamored of so called limited purpose banking, in which all debt is effectively securitized.

Total financial losses including possibly 1 trillion in mortgages and related securitized products could be as high as 1.7 trillion.

Moreover, defaults on securitized credit card debt and commercial loans to companies that are driven to bankruptcy are still to come.

Assets

Statement IX. Capital assets fund statement of assets,

Resource assets account for roughly 50 of total government assets, with operating assets amounting to 39 and administrative (or non operating) assets comprising another 6 .

They bought only government paper and securitized real estate instruments that were issued by the semi public bodies Fannie Mae and Freddie Mac.

Assets freeze

Assets freeze

Fixed assets

Total, assets

No assets?

So assets.

(a) Assets of the debtor, including the debtor's interest in encumbered assets and in third party owned assets

In China, this proportion of fixed, illiquid assets exceeds 90 . Resource assets account for roughly 50 of total government assets, with operating assets amounting to 39 and administrative (or non operating) assets comprising another 6 .

freezing of assets

The assets freeze

Any assets frozen?

Any assets frozen?

Note 6. Assets

Forfeiture of assets

Disposal of assets

Note 6 Assets

Assets and liabilities

Assets cash position

So its assets.

(a) Fixed Assets are not reported in statement III, Assets and liabilities.

Liquid assets are assets that resemble cash, because they can easily be converted into cash and used to buy other assets.

A description of the nature of the assets frozen (i.e. bank deposits, securities, business assets, precious commodities, works of art, real estate property and other assets) The value of assets frozen

No such funds, financial assets or economic assets have been frozen or unfrozen.

(a) The balance between equity type assets and other assets, such as bonds

31 December 1993 . 165 Statement XIII. United Nations Capital Assets Fund assets and

Identification(s) of the person of entities whose assets have been frozen A description of the nature of the assets frozen (i.e., bank deposits securities, business assets, precious commodities, work of art, real estate property and other assets) The value of assets frozen.

Note 13 Other assets

Assets constituting the estate

Valuation of encumbered assets

Note 13 Other assets

Freezing of financial assets