Bad Bank

Irish 'Bad Bank' Selling Debtor's Art Collection

AP | Posted 11.19.2011

Read More: Dublin, Andy Warhol, Art Auction, Debt, Bad Bank, Ireland Bank, Ireland Financial Crisis, Sovereign Debt Crisis, Warhol, Christie's, Ireland, Irish Debt, London, Arts News

DUBLIN -- Ireland's "bad bank" and Christie's auctioneers say they are selling a bankrupt property baron's art collection, including a work by Andy Wa...

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BofA Pushes Back Against Foreclosure Overhaul

The Huffington Post | Maxwell Strachan | Posted 05.25.2011

Read More: Terry Laughlin, Mortgages, Good Bank, Brian Moynihan, Bad Bank, Wells Fargo, Bank of America, Mortgage Proposal, New York Times, Subprime, Legacy Loans, Citigroup, Business News

Bank of America CEO Brian Moynihan is pushing back against a government proposal that would force his company to assume responsibility for billions of...

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Citibank Really Needs to Rethink This Poster

Jessica Olien | Posted 05.25.2011

Read More: Citibank, Banks, Bad Bank, Advertising, Investment Banks, American Recovery and Reinvestment Act, Unicycles, Business News
Jessica Olien

A new banner unfurled across Citibank's window depicts a man with a bowl cut. He is grinning manically. And he's perched atop a unicycle.

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Jason Linkins

Toxic Assets Explained With Gravy Analogy (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011

Read More: Video, Bad Bank, Financial Crisis, Toxic Assets, Banking Crisis, Toxic Assets Plan, Tarp, Eat the Press, Business News

Via Consumerist (which, trust me, in these economic times is a site you need to have bookmarked) comes this lovely video from American Public Media's ...

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Geithner's Vague Bad Bank Plan Aggravates Credit Crunch: Analysis

Reuters | Kevin Drawbaugh | Posted 05.25.2011

Read More: Treasury Department, Bad Bank, Tim Geithner, Credit Crunch, Toxic Assets, Credit Crisis, Toxic Assets Bad Bank, Bad Bank to Buy Toxic Assets, Timothy Geithner, Treasury Secretary, Business News

WASHINGTON (Reuters) - Global credit markets are unlikely to revive as long as the U.S. government continues to dangle the vague prospect of a toxic a...

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We Must Face the Music with Banks

Alan Schram | Posted 05.25.2011

Read More: Dollar, Fdic, Wall Street, Banks, Business News, Recession, Money Supply, Obama, Stimulus, Bad Bank, Saving Money, Credit Crunch, Deficit, Tarp, Financial Crisis, Housing Market, Stimulus Package, Housing Crisis, Business News
Alan Schram

Instead of recapitalizing and subsidizing the foolish and irresponsible banks that got us into this mess, we should let home prices fall to their economic equilibrium.

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Dialing for Derivatives

New York Times | Rick Moranis | Posted 05.25.2011

Read More: Banking, Banks, Bad Bank, Rick Moranis, Economy, Recession, Comedy News

THANK you for calling BadBank, otherwise known as "Slumdog Billionaire." This call will not be monitored for quality control. One of our customer se...

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Don't Demonize Debt

Zachary Karabell | Posted 05.25.2011

Read More: Economic Stimulus Package, Grameen Bank, Subprime Mortgage Crisis, Economic Crisis, Mortgage Crisis, Credit Crunch, Bad Bank, Economy, Business News
Zachary Karabell

While granting someone with a low income a $300,000 mortgage is absurd, so is granting them zero credit or credit at rates that would make a loan shark blush.

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FDIC May Run Bad Bank To Buy Toxic Assets

bloomberg.com | Posted 05.25.2011

Read More: AIG Bailout, Sheila Blair to Run Bad Bank, Bad Bank, Bank of America, Bad Bank to Buy Toxic Assets, FDIC Bad Bank, Business News

The Federal Deposit Insurance Corp. may manage the so-called bad bank that the Obama administration is likely to set up as it tries to break the back ...

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