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Toxic Assets

Tiptoeing Through the Tulips

Michael Farr | Posted 08.01.2013 | Business
Michael Farr

The next few weeks are critical in determining whether or not the economy is on a self-sustaining path.

Not a Fake Tweet: Fossil Fuel Companies' Balance Sheets Contain Toxic Carbon Assets

Mike Sandler | Posted 06.25.2013 | Green
Mike Sandler

This is real and could affect markets more than a fake tweet. Oh, and the fate of the planet is at stake too. A new report shows that publicly listed fossil fuel companies hold more reserves than can be safely burned this century, and investors have not included this in market valuations of those companies.

How to Build a Sustainable Economy; Not Another Bubble

John Friedman | Posted 04.27.2013 | Impact
John Friedman

As a society we are the more than willing victims who love the adrenalin rush that comes with watching the Dow rise, or our home assessments go up, or our portfolios expand but then turn around and blame our predators when we get caught.

Did the IRS Cause the Financial Crisis?

Bradley T. Borden | Posted 12.18.2012 | Business
Bradley T. Borden

The IRS possesses a fearsome audit power that gives it access to records and information that the public and litigants are yet to obtain. It should have used that power more effectively before the financial crisis.

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

Posted 12.27.2011 | Business

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

Tyler Kingkade

'The President Doesn't Dispute Any Of It'

HuffingtonPost.com | Tyler Kingkade | Posted 11.23.2011 | Politics

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

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

Lydia Fisher | Posted 10.25.2011 | Business
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.

Reset Equity-Risk Formula for Banks

Mark J. Perry and Robert Dell | Posted 10.01.2011 | Business
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.

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

Lydia Fisher | Posted 08.09.2011 | Business
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.

NY AG Investigating Big Banks' Mortgage Operations

Posted 07.17.2011 | Business

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

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

AP | Posted 05.31.2011 | Business

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

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

Richard (RJ) Eskow | Posted 05.25.2011 | Business
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.

AIG Offers To Buy Back Mortgage Securities From Fed

Reuters | Ben Berkowitz | Posted 05.25.2011 | Business

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

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

Posted 05.25.2011 | Books

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

Banks Still Holding On To "Toxic" Assets

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

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

Treasury's Toxic Asset Funds Show Big Gain

Posted 05.25.2011 | Business

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...

Hiding America's Real Economy

Jim Worth | Posted 05.25.2011 | Business
Jim Worth

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

The Wall Street Tax Debate That Never Was

Les Leopold | Posted 05.25.2011 | Business
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?

FOR SALE: $1 Billion In Toxic BofA Mortgages

Posted 05.25.2011 | Business

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...

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 | Business

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

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

Matthew Bishop | Posted 05.25.2011 | Books
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.

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 | Business

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...

Jason Linkins

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

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Business

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...

How Greece's Crisis Could Impact America

Ann Pettifor | Posted 05.25.2011 | Business
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.

'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 | Books

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