{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"9c884da5-4c5c-4613-91be-2dad1863fbfa","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"9c884da5-4c5c-4613-91be-2dad1863fbfa","id":"9c884da5-4c5c-4613-91be-2dad1863fbfa","uuid":"9c884da5-4c5c-4613-91be-2dad1863fbfa","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","normalized_title":"黑箱社会控制金钱和信息的数据法则theblackboxsociety","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","isbns":["9787508655208"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":318,"navigation_url":"https://workshop.closeclaw.top/ai/book/9c884da5-4c5c-4613-91be-2dad1863fbfa","title_url":"https://workshop.closeclaw.top/ai/title/%E9%BB%91%E7%AE%B1%E7%A4%BE%E4%BC%9A%20%E6%8E%A7%E5%88%B6%E9%87%91%E9%92%B1%E5%92%8C%E4%BF%A1%E6%81%AF%E7%9A%84%E6%95%B0%E6%8D%AE%E6%B3%95%E5%88%99%EF%BC%9DTHE%20BLACK%20BOX%20SOCIETY","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/9c884da5-4c5c-4613-91be-2dad1863fbfa/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/9c884da5-4c5c-4613-91be-2dad1863fbfa/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/9c884da5-4c5c-4613-91be-2dad1863fbfa","page_url":"https://workshop.closeclaw.top/api/ai/books/9c884da5-4c5c-4613-91be-2dad1863fbfa/page","search_url":"https://workshop.closeclaw.top/api/ai/books/9c884da5-4c5c-4613-91be-2dad1863fbfa/search"},"page":{"printed_page":154,"pdf_page":173,"physical_index":173,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"afb3ae4fe8b2c5126be58282243174bb68ec064f28e0871502ab6366273dbee6"},"chapter":"第三章","content":"公司的高层管理人员可能怀疑过一线职员会从手边的其他工资表中拷贝一个较高的数字。但是由于管制宽松，所以他们可以振振有词地说自己对这种普遍的欺骗行为一无所知。当抵押贷款经纪人和银行将前景描述得一片大好时，证券包销标准也就不再像之前那样严格要求了。在认定房价不可能下降的情况下，贷款人甚至会借款给那些无收入、无工作、无资产的群体。他们认为，即使某一个借款人赖账，也可以通过丧失抵押品赎回权拿回至少等价于贷款额度的房产。\n\n欺骗性的销售行为无处不在。处在丧失抵押品赎回权旋涡中的房主们在向法官、倡导者和记者们讲述着相似的遭遇；经纪人隐瞒了贷款的实际条款；实际利率高于字面利率；所谓的固定贷款实际上是浮动利率，两三年后支付额就会大幅提高。在一桩又一桩的案例当中，真实的成本被隐藏或者有意低估了。那些本应对此类贷款证券的质量进行评估的人一直在借助模型进行决策，所以他们根本不知道正在发生着什么。\n\n评级机构的失职\n\n不难理解，金融机构非常热衷于促成抵押担保证券（以及抵押担保证券的组合债务抵押债券）的买卖双方达成交易，因为无论所售证券出现什么样的情况，这些中介商都照样可以从中获利。但是为什么买家如此趋之若鹜呢？为什么政府不能够加以提醒呢?这些证券属于新生事物，它们没有经过检验，很多方面都十分复杂，本应让投资者有很多顾虑。然而，由于应用模型的缺陷，评级机构审核并批准了该类证券的上市资格，而这个审批章就起到了一颗定心丸的作用。\n\n黑箱社会The Black BoxSociety\n\n154","previous_page":153,"next_page":155}