Toxic Assets

BofA May Get To Move Its $8.5 Billion Settlement Back To State Court

Posted 12.27.2011

Read More: Bofa Settlement, Bank of New York Mellon, Countrywide Financial, Mortgage Crisis, Bank of America, Toxic Assets, Walnut Place, Metlife, Blackrock, Bofa, Bank of America Settlement, Home Loans, Bank of America Jurisdiction, Video, Business News

(JONATHAN STEMPEL, Reuters) - An appeals court on Tuesday granted an appeal of a controversial ruling that moved consideration of Bank of America ...

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Tyler Kingkade

'The President Doesn't Dispute Any Of It'

HuffingtonPost.com | Tyler Kingkade | Posted 11.23.2011

Read More: White House, Confidence Men Ron Suskind, Ron Suskind Confidence Ment, Confidence Men, President Obama, Obama Administration, Larry Summers, Presidency, Barack Obama, Ron Suskind Book, Dissolve Banks, Video, Tim Geithner, Ron Suskind, Citibank, Toxic Assets, Democracy Now, Treasury Secretary, Citigroup, Politics News

WASHINGTON -- President Barack Obama pushed his administration to break up Citibank early during his tenure but was thwarted by Treasury Secretary Tim...

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The Financial Thriller Continues... What Do the Numbers 753, 20, 138, 130 and 35 Tell Us?

Lydia Fisher | Posted 10.25.2011

Read More: U.S. Economy, Foreclosure Crisis, Jobs Crisis, Wall Street, Cinderella of Wall Street, Economic Crisis, Financial Crisis, Toxic Assets, Lydia Fisher, Business Ethics, Mortgage Crisis, Business News
Lydia Fisher

The ongoing financial saga is morphing into a financial thriller. Makes one wonder. Maybe the "silver lining" in this financial crisis is that the "dirty laundry is coming out in the wash" -- worldwide.

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Reset Equity-Risk Formula for Banks

Mark J. Perry and Robert Dell | Posted 10.01.2011

Read More: Equity-Risk Formula, Bank Collapse, Bank-Equity, Toxic Assets, Glass-Steagall Act, Toxic Assets Bad Bank, Reits, Glass-Steagall, Equity-Risk Banks, Business News
Mark J. Perry and Robert Dell

A century or more ago, banks were capitalized more like REITs are today, holding equity of at least 30 percent of assets.

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"A Moral Disaster" Coming Near You, Produced by Wall Street and Washington

Lydia Fisher | Posted 08.09.2011

Read More: Debt, Flash Mobs, Crime, Too Big to Fail, Joblessness, Neil Barofsky, US Debt Ceiling, Moral Disaster, Homelessness, Wall Street, Ethics, National Debt Default, Moral Hazard, Toxic Assets, Accountability, Business News
Lydia Fisher

Managing to the short-term, managing to self-interest and hoping for a "happily ever after." It's beginning to feel a bit like rearranging the deck chairs on the Titanic.

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NY AG Investigating Big Banks' Mortgage Operations

Posted 07.17.2011

Read More: Morgan Stanley, Bank of America, Goldman Sachs, Eric Schneiderman, Wells Fargo, Mortgage Securities, Ny Attorney General, Toxic Assets, Big Banks, Business News

New York Attorney General Eric Schneiderman is investigating big banks like Bank of America Corp, Morgan Stanley and Goldman Sachs related to pack...

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AIG 'Highly Disappointed' It Can't Repurchase All Toxic Assets

AP | Posted 05.31.2011

Read More: Financial Crisis, Toxic Assets, Aig, Federal Reserve, Mortgage Bonds, Subprime Mortgages, NY Fed, Business News

WASHINGTON -- The Federal Reserve Bank of New York has turned down an offer by American International Group to repurchase dodgy mortgage bonds that th...

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Wisconsin Governor's Allies Ran a Toxic Bailout Bank... and Got Rich

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Tarp, Bailoukt Banks, M & I Bank, Toxic Mortgages, Scott Walker, Move Your Money, Toxic Assets, Marshall & Ilsley, Wisconsin Protests, Business News
Richard (RJ) Eskow

The same bank executives who donated to Scott Walker and have helped him avoid the press with their underground tunnel also ran one of the most conspicuous dumping sites for toxic financial waste in the country.

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AIG Offers To Buy Back Mortgage Securities From Fed

Reuters | Ben Berkowitz | Posted 05.25.2011

Read More: Buyback, Toxic Assets, Aig, Federal Reserve, American International Group, Liquidity Reserves, Rmbs, Residential Mortgage Backed Securities, Business News

(Reuters) - American International Group (AIG.N) offered on Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. gove...

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Lehman Brothers Tricked Clients With 'Goat Poo' Assets, Lawsuit Says

Posted 05.25.2011

Read More: JPMorgan Chase, Racers, Lehman Bankruptcy, Lehman Brothers, Mortgage Securities, Lehman Brothers Lawsuits, Toxic Assets, Barclays, Books News

NEW YORK (By Caroline Humer) - Lehman Brothers and Barclays deceived JPMorgan Chase & Co with bad assets that the failed investment bank's own employ...

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Banks Still Holding On To "Toxic" Assets

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: Banks, Toxic Assets, Mortgage-Backed Securities, Collateralized Debt Obligations, Level 3 Securities, Citigroup, Business News

Despite healthy earnings reports, banks still hold the many of the same so-called "toxic" assets that sparked worry during the financial crisis. Th...

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Treasury's Toxic Asset Funds Show Big Gain

Posted 05.25.2011

Read More: Marathon Asset Management, Mortgage Loans, Toxic Assets, Treasury Department, Treasury Toxic Asset Fund, Blackrock, Mortgage-Backed Securities, Business News

WASHINGTON: The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities mark...

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Hiding America's Real Economy

Jim Worth | Posted 05.25.2011

Read More: Fdic, Recovery, Wall Street, Bailout, Stock Markets, Economy, Toxic Assets, Banks, The Fed, Foreclosure, Business News
Jim Worth

America's economy seems to be recovering, but is that the 'real' story? Some fourth quarter economic indicators -- retail sales, manufacturing, stock...

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The Wall Street Tax Debate That Never Was

Les Leopold | Posted 05.25.2011

Read More: Financial Bubles, Super-Rich, President Obama, Unemployment, Wall Street Crisis, Wall Street, Toxic Assets, Billionaires, Tax Reform, Wall Street Bonuses, Business News
Les Leopold

Here we are in December 2010 having a debate about "tax reform" that hasn't even touched on a financial transactions tax and a tax on hedge funds. Help me out here. How is this possible?

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FOR SALE: $1 Billion In Toxic BofA Mortgages

Posted 05.25.2011

Read More: Merrill Lynch, Toxic Mortgages, New York Post, Countrywide Financial, Bank of America, Toxic Assets, Bofa, Bank of America Mortgage Sale, Bank of America Toxic Asset Sale, Business News

BANGALORE (Reuters): Bank of America Corp has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said on Monday, c...

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Gretchen Morgenson: Banks Bilking Taxpayers By Refusing To Buy Back Toxic Loans They Sold To Fannie And Freddie

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011

Read More: Gretchen Morgenson, Freddie Mac, Fannie Mae Freddie Mac Banks, Gretchen Morgenson Banks, Toxic Assets, Fannie Mae, Fannie Mae Freddie Mac Bailout, Business News

From the earliest days of the credit crisis, the nation's big financial institutions have been less than forthcoming about ballooning loan losses buri...

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'The Road From Ruin': Would Dodd's Solutions Create More Useless Bureaucracy (Think Homeland Security)?

Matthew Bishop | Posted 05.25.2011

Read More: Senator Chris Dodd, Sec, Toxic Assets, Wall Street, Financial Literacy, Cftc, Arianna's Reading, Wall Street Reform, Chris Dodd, Books, The Road From Ruin, Financial Regulation, Treasury Secretary, Washington, Campaign Finance, Books News
Matthew Bishop

What Senator Chris Dodd has put on the table will barely scratch the surface, given the changes that are needed to build a regulatory system that actually works.

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NPR's Planet Money Buys A Toxic Asset Just To Watch It Die

npr.org | Nelson Hsu, Heather Murphy, David Kestenbaum, Chana Joffe-Walt | Posted 05.25.2011

Read More: Planet Money, Subprime Mortgages, Economy, Subprime Mortgage Crisis, Mortgage Crisis, Financial Crisis, Toxic Assets, Mortgage-Backed Securities, Business News

Remember those complicated bonds full of home mortgages? The ones that almost brought down the economy? A team of NPR reporters used $1,000 of their o...

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Jason Linkins

'Planet Money' Bought A Toxic Asset, Now You Can Watch It Slowly Die

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011

Read More: Video, Toxic Assets, Planet Money, Tarp, Eat the Press, Business News

Way, way back in the go-go days of predatory lending, terrible mortgage companies were handing out terrible mortgages to just about anyone with a puls...

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How Greece's Crisis Could Impact America

Ann Pettifor | Posted 05.25.2011

Read More: Greece Debt, Goldman Sachs, Credit Default Swaps, Greece, Sovereign Debt Crisis, Sec, Insurance, Bonds, Toxic Assets, Business News
Ann Pettifor

If today's speculators bring down the Greek economy, they will likely blow up more debtor nations, and then in a cascading effect, turn on their main benefactors, the now heavily indebted British and United States governments.

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'Freefall' Excerpt: It's Not Too Late To Turn Around The Biggest Banking Blunder In History

The Huffington Post | Joseph E. Stiglitz | Posted 05.25.2011

Read More: Nobel Prize, Wall Street Bailout, American Socialism, Fdic, Bailout, Wall Street, Too Big to Fail, Deregulation, Toxic Assets, Stiglitz, Socialism, China, Books News

Reprinted from Freefall by Joseph Stiglitz. Copyright (c) 2010 by Joseph E. Stiglitz. Used with permission of the publisher, W.W. Norton & Company, In...

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Left, Right and Center: Wall Street vs. Main Street, Health Care, Balloon Boy

HuffPost Radio | Posted 05.25.2011

Read More: Health Care Reform, Toxic Assets, Unemployment, Public Option, Wall Street, Economy, Balloon Boy, Politics News
HuffPost Radio

Is the economy on the rise just because Wall Street hit 10,000 again? What about that 10 percent unemployment figure? Will there be a public option, a trigger or mandated subsidies?

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A Proposal on How to Clean Up the Banks

Jeffrey Sachs | Posted 05.25.2011

Read More: Economic Stimulus Package, Bailout, Clean Banks, Economic Crisis, Toxic Assets, Timothy Geithner, Credit Crisis, Government Bonds, Geithner Plan, 100 Days, Geithner Bailout, Obama Administration, Obama Economy, Zombie Banks, Business News
Jeffrey Sachs

The taxpayers should take over the bad assets in return for bank equity, but with a twist: the amount of equity transferred to the taxpayers would not be determined immediately.

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Toxic Assets: Government's New Programs Aim To Buy Buy Banks' Bad Assets, Help Home Buyers

Washington Post | Renae Merle and David Cho | Posted 05.25.2011

Read More: White House, Finance, Tax Credits, Banks, Troubled Assets, Housing and Economic Recovery Act, Mortgages, Fannie Mae, Recession, Obama, Real Estate, Bad Assets, Geithner, Billions, Freddie Mac, Toxic Assets, Housing, Treasury, Lending, Tarp, Business News

The Obama administration is close to rolling out two initiatives aimed at addressing lingering problems from the financial crisis: A long-delayed effo...

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Recovery: The New Black

Harry Shearer | Posted 05.25.2011

Read More: Tarp, Recovery, Wall Street, Bailout, TARP Money, Toxic Assets, Ben Bernanke, Economic Recovery, Business News
Harry Shearer

Are the green shoots real, or are the government economy-minders taking premature credit to dampen populist anger? Let's hope they aren't simply seeing some dandelions in the lawn and calling it springtime.

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