(edit title) Swedish banks underestimate mortgage risk On the same day as interest rates are cut ... Options

[byke]

Well, isn't that a coincidence.
And to what point have the government known that Swedish banks had underestimated such risks?
In fact, have they been an active part of such perversion of information?

I am guessing we will never know.
Since we dont talk about such things - thus such things dont exist.

http://www.businessweek.com/news/2012-12-1...-mortgage-loans

http://www.swedishwire.com/business/15668-...e-mortgage-risk

[Bender B Rodriquez]

Ah, the old byke train of speculation.

I guess you don't follow Swedish media much?

[AW1]

Well, isn't that a coincidence.And to what point have the government known that Swedish banks had underestimated such risks?In fact, have they been an active part of such ... (show full quote)

Well, isn't that a coincidence.
And to what point have the government known that Swedish banks had underestimated such risks?
In fact, have they been an active part of such perversion of information?

I am guessing we will never know.
Since we dont talk about such things - thus such things dont exist.

http://www.businessweek.com/news/2012-12-1...-mortgage-loans

http://www.swedishwire.com/business/15668-...e-mortgage-risk ... (hide full quote)

Sweden is doing remarkably well for a country that is so utterly clueless, hopeless and in general useless. Don't you think?

[Yorkshireman]

Well, isn't that a coincidence.And to what point have the government known that Swedish banks had underestimated such risks?In fact, have they been an active part of such ... (show full quote)

Well, isn't that a coincidence.
And to what point have the government known that Swedish banks had underestimated such risks?
In fact, have they been an active part of such perversion of information? ... (hide full quote)

Good golly @byke, where have You been for the last year or so!!! ...even before summer Mr Borg gave a speech about how the banks needed to revise their risk-weights since their models were based upon historical data that is probably not be relevant in the current climate and that they were underestimating the risk, reserving far too little capital based upon those risk-weights. Swedenish bank's risk-weights have been way under most other countries for ages.

The Government has not underestimated the risks in this matter, the banks may have, in fact the Gov. has been pushing the banks to act.

[byke]

@AW1

I am not really at liberty to say how well the Swedish economy is doing, since much of the information relating to it is often wrong etc ... or as others like to put it "underestimated".

I know that growth forecasts have now been lowered, unemployment is growing and personal debt is ever increasing. While Imports are also expect to continue to fall.

So make of it what you will.
But again its hardly isolated from the economic fallout of Europe of this new safe haven of investment being touted a few months ago by Mr Borg.