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滴滴姐姐~ · 2021年11月18日

投资者不知道他们自己买的这个东西其实是有这么大的风险的。。难道不是吗?

NO.PZ2020033003000090

问题如下:

According to the findings of the congressionally formed Financial Crisis Inquiry Commission, which of the following not a the root causes of the misalignment between investors and rating agencies prior to the credit crisis of 2007-2009?

选项:

A.Rating agencies are lack of resources to conduct the proper due diligence

B.

Pressure from the originators

C.

Lack of meaningful public oversight over rating agencies

D.

Investors have little understanding of the products they were purchasing.

解释:

D is correct.

考点:misalignment between investors and rating agencies

解析:

According to the findings of the congressionally formed Financial Crisis Inquiry Commission, the root causes of the misalignment were

1). the flawed computer models at the rating agencies

2). the profit motive of the rating agencies

3). pressure from the originators (选项B)

4). the drive for market share coming from the rating agencies

5). the rating agencies lack of provided (not available) resources to conduct the proper due diligence (选项A)

6). the absence of meaningful public oversight (选项C)

7). originators manufactured the securitized products to specifically arrive at a rating given their acquired knowledge of the rating agencies’ decision flow charts

另三个我倒是理解,,,但我记得何老师上课一直讲 评级机构和投资者没想到这个MBS ABS有这么大的风险 给senior层次一个非常高的评级。。导致崩了。。。这个D“投资者不知道他们自己买的这个东西其实是有这么大的风险的” 感觉挺对呀?


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1 个答案
已采纳答案

DD仔_品职助教 · 2021年11月18日

嗨,努力学习的PZer你好:


原因在于,题目问的是root cause,就是根本原因。

D是正确的描述,但是他不是一个根本原因。

07-09年次贷危机的根本原因和D没关系,不管在什么时候,普通投资者在购买产品的时候,对风险知道的都是少之又少,就算次贷危机的时候投资者知道了这个产品风险很大,但总有人买啊,这个不算是造成次贷危机的根本原因。

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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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