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Bad Bank

BofA Pushes Back Against Foreclosure Overhaul

The Huffington Post | Maxwell Strachan | Posted 05.25.2011 | Business

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

Citibank Really Needs to Rethink This Poster

Jessica Olien | Posted 05.25.2011 | Business
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.

Jason Linkins

Toxic Assets Explained With Gravy Analogy (VIDEO) | Jason Linkins | Posted 05.25.2011 | Business

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 ...

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

Reuters | Kevin Drawbaugh | Posted 05.25.2011 | Business

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...

We Must Face the Music with Banks

Alan Schram | Posted 05.25.2011 | Business
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.

Dialing for Derivatives

New York Times | Rick Moranis | Posted 05.25.2011 | Comedy

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

Don't Demonize Debt

Zachary Karabell | Posted 05.25.2011 | Business
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.

FDIC May Run Bad Bank To Buy Toxic Assets | Posted 05.25.2011 | Business

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 ...