#toxicasset — Public Fediverse posts

Someone has finally dropped the word "subprime" into a discussion of #mortgages and #ClimateChange.

" There’s a new kind of #ToxicAsset emerging in property portfolios. The number of homes in what you might call “#subprime” locations is rising and, in some parts of the world, property value—like a crumbing coastline—is at risk of erosion. Lenders are getting noticeably more reluctant to lend against these assets."

https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/

"The massive data breach, believed to affect almost the entire population of Malaysia..." #toxicasset https://www.reuters.com/article/us-malaysia-cyber/malaysia-investigating-reported-leak-of-46-million-mobile-users-data-idUSKBN1D13JM