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Toxic Assets

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

Huff Radio | Posted 10.17.2009 | Politics

Read More: Health Care Reform, Toxic Assets, Unemployment, Public Option, Wall Street, Economy, Balloon Boy, Politics News
Huff 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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Toxic Assets: Government's New Programs Aim To Buy Buy Banks' Bad Assets, Help Home Buyers

Washington Post | Renae Merle and David Cho | Posted 11.28.2009 | Business

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 11.17.2009 | Business

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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F.D.I.C. Sells Failed Bank's Troubled Mortgages To Private Investor

New York Times | EDMUND L. ANDREWS | Posted 11.16.2009 | Business

Read More: Fdic, Toxic Assets, Banks, Toxic Loans, Loans, Business News

Offering the lure of cheap government-guaranteed financing, the Federal Deposit Insurance Corporation moved on Wednesday to push its efforts to have p...

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The Economy: Cycling Along With the Training Wheels On

Michael de Portu | Posted 09.28.2009 | Business

Read More: Ppip, Paulson, Deflation, Inflation, Bernanke, Toxic Assets, American Manufacturing, Recession, Tarp, Economy, Greenspan, Greenlaw, Hatzius, Business News
Michael de Portu

Some observers ask whether we are in 1929 or 1932. The good news is that the world is so different today, we are probably in neither. The globe has 6 billion inhabitants with that much more potential for instability.

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Why Nassim Taleb is the True Predictor of this Crisis

Pablo Triana | Posted 09.19.2009 | Business

Read More: Nassim Taleb, Toxic Assets, Housing Market, Housing Crisis, Housing Bubble, Business News
Pablo Triana

We all seem to want to know who among us really saw the mayhem coming.

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Toxic Loan Levels Hit 5%, 150 Publicly-Traded Banks At Risk

bloomberg.com | Posted 09.14.2009 | Business

Read More: Bank Failure, Toxic Loans, Fdic, Nonperforming Loans, Toxic Assets, Nonaccuring Loans, Recession, Business News

More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say ...

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Citigroup's Toxic Assets Obscured By Rising Stock Price: Reuters

Reuters | Matthew Goldstein | Posted 09.13.2009 | Business

Read More: Vikram Pandit, Collaterized Debt Obligations, Toxic Assets, Special Asset Pool, Citigroup, Business News

Hard as it may be to believe, shares of beleaguered Citigroup are on fire. The stock of the de facto U.S. government-owned bank is up some 300 percen...

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Elizabeth Warren Talks Toxic Assets On MSNBC (VIDEO)

Posted 09.12.2009 | Business

Read More: Tarp, Geithner, Elizabeth Warren, Toxic Assets, Congressional Oversight Panel, Business News

Elizabeth Warren, the chair of the Congressional Oversight Panel charged with monitoring the bank bailout, appeared on MSNBC this morning to talk toxi...

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Toxic Assets May Still Pose A Risk, Says Oversight Panel

AP | DANIEL WAGNER | Posted 09.10.2009 | Business

Read More: TARP. Troubled Assets, Treasury, Toxic Assets, Treasury Department, Business News

WASHINGTON — Despite signs that the financial system has stabilized, banks remain threatened by billions of dollars of bad loans on their balanc...

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The Public Option in Banking: How We Can Beat Wall Street at Its Own Game

Ellen Brown | Posted 09.05.2009 | Business

Read More: Fractional-Reserve-System, JPMorgan Chase, Wall Street Bailout, Wall Street Crisis, Indian Banking, Alberta, Toxic Assets, Bank of North Dakota, Bank Bonuses, China Economy, Tarp, Business News
Ellen Brown

Many people feel that some bankers are thieves stealing from the public till and should be looking at jail time. But who is there to stop their parade of outrages?

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BlackRock Opens Fund To Buy Troubled Assets In PPIP

nytimes.com | MICHAEL J. De La MERCED | Posted 08.27.2009 | Business

Read More: Ppip, Treasury Department, Toxic Assets, Blackrock, Mortgage-Backed Securities, Black Rock Legacy Securities Public-Private Trust, Troubled Assets, Business News

Here is the latest pitch from Wall Street: those troubled assets at the banks could turn out to be gold for you. That is the line from BlackRock, t...

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Jason Linkins

Toxic Assets Explained With Gravy Analogy (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 08.15.2009 | Business

Read More: Video, Bad Bank, Financial Crisis, Toxic Assets, Banking Crisis, Toxic Assets Plan, Tarp, 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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Whistling Past the Economic Graveyard: The Audacity of Misplaced Hope

Arianna Huffington | Posted 07.16.2009 | Business

Read More: Public-Private Investment Program, Geithner Plan, Toxic Assets, Banks, Economic Recovery, Financial Market, Timothy Geithner, Clo, Obama Economic Recovery Plan, Recession, Business News
Arianna Huffington

The latest stock market bubble has undermined the urgent push for reform, which seems to have given way in Washington to a push to move on to other things and leave that little financial kerfuffle behind us. It puts a whole other spin on the audacity of hope. READ MORE Mission Shrink: We've Gone From Saving Wall Street in Order to Save Main Street to Just Saving Wall Street The problem continues to be the administration's habit of conflating the health of the Wall Street economy with the health of the real economy -- when, in fact, the two economies have become decoupled. READ MORE WATCH: Arianna Discusses Events in Iran, Obama's Agenda on Larry King Live WATCH: Arianna Discusses America's Response to Iran on The Situation Room

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Fear and Looting in America: Is Wall Street on Strike Against the Obama Administration?

Les Leopold | Posted 07.14.2009 | Business

Read More: Toxic Assets, Obama Administration, Financial Crisis, Timothy Geithner, CEO Compensation, Economic Crisis, Business News
Les Leopold

How the mighty have fallen!

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Julie Satow

The FDIC To Start Dumping Toxic Assets, Banks Could Feel The Pain

HuffingtonPost.com | Julie Satow | Posted 07.12.2009 | Business

Read More: Toxic Assets, Geithner, Fdic, Sheila Bair, Bank Bailouts, Tim Geithner, Ppip, Business News

Contrary to popular belief, the Public-Private Investment Program, a centerpiece of the government's strategy to rescue the nation's banks, is not dea...

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Ryan Grim

Treasury Toxic Asset Program Rife With Conflicts Of Interest

HuffingtonPost.com | Ryan Grim | Posted 07.03.2009 | Business

Read More: Project on Governmental Oversight, Toxic Assets Pogo, Pogo, Treasury Department, Toxic Assets, Legacy Assets, Transparency, Business News

The hiring of private firms to provide "independent" advice to both the Treasury Department and the Federal Reserve raises concerns about potential co...

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Fear and Looting in America: Be Happy as Wall Street walks off with Your Money

Les Leopold | Posted 06.22.2009 | Business

Read More: Toxic Assets, Financial Crisis, CEO Pay, Green Jobs, Wall Street, Derivatives, Happiness, Great Depression, Business News
Les Leopold

Should we stop whining and accept the new economic realities? No thank you.

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Our Loss is BlackRock's Gain

Robert Scheer | Posted 06.19.2009 | Business

Read More: Robert Scheer, Freddie Mac, Morgan Stanley, Bailout, Bank of America, Countrywide, Aig, Toxic Assets, Blackrock, Business News
Robert Scheer

How much do you know about the BlackRock hedge fund? Better bone up fast, now that the folks at BlackRock are calling the shots in the government's trillion-dollar bailout program.

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Stressless Tests: Our Treadmill Of Delusion

Anthony Citrano | Posted 06.06.2009 | Business

Read More: Stress Tests, Banking Bailout, Economy, Stress Test Results, Economic Crisis, Bank Stress Tests, Federal Reserve, US Economy, Breaking Business News, Wall Street, Business News, Banking Crisis, Banks, Financial Crisis, Toxic Assets, Ben Bernanke, Banks Bailout, Business News
Anthony Citrano

The stress tests mostly overlook derivatives -- the $50 trillion elephant in the room -- by effectively letting banks apply their prior calculus in valuing them.

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The Mega-Banks Behind the Meltdown

Bill Buzenberg | Posted 06.05.2009 | Business

Read More: Wall Street Bailout, Wall Street Crisis, Subprime Mortgages, Subprime Mortgage Crisis, Economy, Economic Crisis, Banking Crisis, Toxic Assets, Banks Bailout, Business News
Bill Buzenberg

It's time to set aside the myth of the mega-bank as victim. These banks aren't "too big to fail," but simply "too politically connected to fail."

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Defeating Homeowners: A Pyrrhic Victory for the Bankers

Ann Pettifor | Posted 06.02.2009 | Business

Read More: Senate, Foreclosure, Dick Durbin, Toxic Assets, Bankers, Bankruptcy, Bank-Owned-State, Home Foreclosures, Business News
Ann Pettifor

Bankers and their lobbyists on the Hill may be voraciously greedy and anti-democratic, but, ironically, they are not pursuing their own best interests.

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FDIC May Lend To Investors, Without GIving Taxpayers A Stake

Bloomberg | Rebecca Christie | Posted 05.31.2009 | Business

Read More: Fdic, Toxic Assets, Federal Deposit Insurance Corp., Business News

April 30 (Bloomberg) -- The Federal Deposit Insurance Corp. may offer investors financing to buy distressed U.S. bank assets without requiring them to...

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Commercial Real Estate May Be the Next Asset Bubble to Burst

Sheldon Filger | Posted 05.11.2009 | Business

Read More: Financial Crisis, Toxic Assets, Banking Crisis, George Soros, Real Estate Bubble, Commercial Real Estate, Global Economic Crisis, Business News
Sheldon Filger

The blow about to be delivered by this next bursting asset bubble may prove to be mortal for the global economy.

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IMF Nightmare Forecast: Economic Crisis Creates $4 Trillion In Toxic Assets

Sheldon Filger | Posted 05.09.2009 | Business

Read More: Toxic Assets, Financial Crisis, Imf, Nouriel Roubini, International Monetary Fund, International-Monetary-Fund, Global Economic Crisis, Business News
Sheldon Filger

If there are any doubts remaining as to the severity of the global economic crisis, this most current estimate of the rot eating away at the global financial architecture should set them aside.

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