August 26, 2007

Ninja Loans

Named by Mizuho Corporate Bank, ninja loans are syndicated loans arranged in Japan for foreign companies or institutions that are mostly denominated in yen.

The other kind of Ninja loans are given by banks and main cause of sub prime crisis in USA.

Banks have started extending loans to people who have no realistic way of paying back these loans. these category of laons are known as NINJA Laons..wat does Ninja stand for

Click on comments for Answer

1 comment:

praneeth said...

No Income, No job or Assets