Vir - besedilo: Communication from the Commission — The recapitalisation of financial institutions [1] in the current financial crisis: limitation of aid to the minimum necessary and safeguards against undue distortions of competition
Opomba: When debt obligations are backed by assets of dubious value, such as subprime mortgage loans, and lose market liquidity, the bonds and their derivatives are also referred to as toxic debt. Holding such "toxic" assets has led to the demise of several investment banks such as Lehman Brothers and other financial institutions during the subprime mortgage crisis of 2007-09 and led the US Treasury to buy those assets in September 2008 to prevent a systemic crisis of the banks.
Vir opombe: Wikipedia http://en.wikipedia.org/wiki/High-yield_debt
Sobesedilo: Pre-crisis and current spreads should in any event reflect the burden, if any, of toxic assets and/or the weakness of the bank's business model due to factors such as overdependence on short-term financing or abnormal leverage.