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It was like a financial game of musical chairs when the music stopped and resulting panic caused the 2007 banking crisis The Role of CDOs in the Subprime Mortgage Crisis The first CDOs to go decline were the mortgagebacked securities When housing prices started to drop in 2006 the mortgages on homes bought in 2005 were soon “upside down” in turn.

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BNI Mobile Banking is a channel electronic facility from PT Bank Negara Indonesia (Persero) Tbk which can be accessed by BNI Mobile Banking User Customers by using smartphone (iPhone Android and Blackberry) whose BNI Mobile Banking has been activated.

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The IMF and the World Bank

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The International Monetary Fund (IMF) and the World Bank are institutions in the United Nations system They share the same goal of raising living standards in their member countries Their approaches to this goal are complementary with the IMF focusing on macroeconomic and financial stability issues and the World Bank concentrating on longterm.