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Toxic Assets

Finding a Home for Toxic Assets: Where is the Final Resting Place?

Sheila Tendy | Posted 05.09.2009 | Business

Read More: Timothy Geithner, Wall Street Bailout, Bailout, Barack Obama, Toxic Assets, Banks, Banking Crisis, Toxic Assets Plan, Business News
Sheila Tendy

We've heard the bellows of those you know best, "Sell 'em! Get 'em off the books of the banks! Break the credit freeze!" But where does a toxic asset live once it has been sold?

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Bilking The Summers-Geithner Plan: How Wall Street Will Use It For Profit

The Boston Globe | Laurence J. Kotlikoff | Posted 05.09.2009 | Business

Read More: Toxic Assets, Treasury Department, Summers-Geithner Plan, Timothy Geithner, Treasury-Plan, Toxic Assets Plan, Lawrence Summers, Federal Financial Authority, Limited Purpose Banking, Business News

IT'S ONE thing for the US Treasury Department to overpay banks for their toxic assets on the prayer that bank shareholders will do something besides p...

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FDIC Adopts Risk Of Toxic Asset Program, Puts Taxpayer In The Hotseat: NYT

nytimes.com | ANDREW ROSS SORKIN | Posted 05.08.2009 | Business

Read More: Fdic, Sheila Bair FDIC, FDIC Toxic Assets, FDIC Sheila Bair, Toxic Assets FDIC, Toxic Assets, Sheila Bair, FDIC Toxic Asset Program, Business News

The Federal Deposit Insurance Corporation was set up 76 years ago with the important but simple job of insuring bank deposits. Now, because of what...

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Treasury Revisits Rules For Toxic-Asset Sales

Wall Street Journal | MAYA JACKSON RANDALL | Posted 05.07.2009 | Business

Read More: Treasury Secretary, Toxic Asset Sales, Economic Crisis, Treasury, Financial Crisis, Toxic Assets, Banking Crisis, Rules for Toxic Asset Sales, Tim Geithner, Business News

The Treasury Department, facing criticism over its bank-rescue program, said it may allow a broader group of private investors to purchase toxic secur...

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Ryan Grim

Treasury Extends Deadline For Geithner Plan Participation

HuffingtonPost.com | Ryan Grim | Posted 05.07.2009 | Politics

Read More: Geithner Plan, Toxic Assets, Public-Private Investment Program, Politics News

The Treasury Department announced Monday that it's extending the deadline for investment firms to apply to participate in the Geithner Plan -- the Pub...

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The Geithner-Summers Plan is Even Worse Than We Thought

Jeffrey Sachs | Posted 05.07.2009 | Business

Read More: Toxic Assets, Larry Summers, Obama Stimulus Plan, Timothy Geithner, Geithner Summers Bank Plan, Geithner Summers Task Force, Larry Summers Geithner, Geithner Summers, Wall Street Bailout, Bailout, Tim Geithner, Bank Bailout, Geithner Summers Obama, Citibank, Geithner Plan, Geithner, Jeffrey Sachs, Business News
Jeffrey Sachs

Geithner and Summers tell us that their plan is the only option, but without a word of further explanation as to why. Let them explain to America why the other proposals are not being pursued.

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Jason Linkins

CNN Parrots Dubious Wall Street Talking Points On "Mark-To-Market"

HuffingtonPost.com | Jason Linkins | Posted 05.04.2009 | Media

Read More: Mark to Market Accounting Bank Bailout Plan, Finance, Economic Crisis, Ppip, Mark to Market, Public-Private Investment Program, Media Criticism, Politics News, Video, Cnn, Toxic Assets, Mark to Market Accounting, Tim Geithner, Suspending Mark to Market, Timothy Geithner, Public/Private Partnerships, Financial Crisis, Mark to Market Suspended, Media News

Do you ever get the feeling that as your media professionals "explain" why the "financial system" seems to be "crapping its pants in public" that thei...

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It's Like Trusting A Drug Addict To Arrange His Own Intervention

Stuart Whatley | Posted 05.04.2009 | Politics

Read More: Public-Private Investment Program, Mark to Market Suspended, Finance, Tim Geithner, Mark to Market, Ppip, Economic Crisis, Public/Private Partnerships, Toxic Assets, Financial Crisis, Timothy Geithner, Suspending Mark to Market, Mark to Market Accounting, Mark to Market Accounting Bank Bailout Plan, Politics News
Stuart Whatley

As long as banks are allowed to continue denying the true toxicity of their toxic assets, the longer the current financial impasse will continue.

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More Smoke and Mirrors for Zombie Banks and their Toxic Assets

Emma Coleman Jordan | Posted 05.03.2009 | Business

Read More: Toxic Assets, Smoke-and-Mirrors, Banks, Timothy Geithner, Zombie Banks, Business News
Emma Coleman Jordan

Who will benefit from this attack on transparent accounting and accountability? The taxpayers will certainly lose.

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For Sale to Feds: My Toxic Assets

Fortune's Stanley Bing | Posted 04.30.2009 | Business

Read More: Toxic Assets, Bad-Investments, Google, Bailouts, Business News
<i>Fortune</i>'s Stanley Bing

1. 59 yo-yos, purchased over a lifetime on the principle that they would accrue in value and eventually be collector's items, as indeed they are.

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Yelling From the Back Step

B. Jeffrey Madoff | Posted 04.30.2009 | Business

Read More: Savings and Loan Industry, Merrill Lynch, AIG Bonus, Fdic, Chrysler, Blackwater, Chocolate, Economy, Enron, Toxic Assets, Aig, Aiu, Economic Recovery, Economic Stimulus, Socialism, Edward Liddy, Altria Group, Business News
B. Jeffrey Madoff

"Toxic assets" are two words that don't belong together in the English language. The meaning of one cancels out the meaning of the other.

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Making Rich Guys Richer

Jeffrey Sachs | Posted 04.29.2009 | Business

Read More: Toxic Assets, Larry Summers, Timothy Geithner, Joe Nocera, Business News
Jeffrey Sachs

Geithner and Summers are proposing to use government loans to finance investors to buy toxic assets. This is fine. The question is the terms.

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The Illusion of Value

B. Jeffrey Madoff | Posted 04.25.2009 | Business

Read More: JPMorgan Chase, Citigroup, Bank of America, Apple, Dow Jones, Wall Street, Wells Fargo, Toxic Assets, Federal Reserve, Ponzi Scheme, New York Times, Credit Default Swaps, Timothy Geithner, Wall Street Journal, Business News
B. Jeffrey Madoff

There is no intrinsic value in words, it's how they are put together and how they are interpreted and whether they are believed. It's the same with the numbers that tell the story of the economy.

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Geithner Banks On Private Cash To Help Remove Toxic Assets

Wall Street Journal | DEBORAH SOLOMON | Posted 04.22.2009 | Business

Read More: Bank Rescue Plan, Geithner, Treasury Bank Rescue, Geithner Toxic Assets, Bank Rescue, Toxic Assets, Toxic Assets Plan, Financial Crisis, Economy, Business News

WASHINGTON -- Treasury Secretary Timothy Geithner said the only way to resolve the financial crisis is to work with the private sector to remove troub...

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Treasury To Detail Toxic Assets Plan On Monday

Reuters | Posted 04.22.2009 | Politics

Read More: Bank Rescue Plan, Treasury Bank Rescue Plan, Toxic Assets, Treasury Toxic Assets, Geithner Bank Rescue, Toxic Asset Plan, Politics News

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner will announce details on Monday of the Obama administration's plans for removing so-ca...

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Sam Stein

Romer: Krugman's Criticism of Toxic Assets Program "Unfair"

HuffingtonPost.com | Sam Stein | Posted 04.22.2009 | Politics

Read More: Paul Krugam, Dr. Christina Romer, Romer, New York Times, Toxic Assets, Romer Krugman, Obama Plan Toxic Assets, Politics News

Christina Romer, chairwoman of the White House Council of Economic Advisors, took umbrage with early critiques of the president's plan to buy up toxic...

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Krugman On Geithner's Toxic Asset Plan: "The Zombie Ideas Have Won"

New York Times | Paul Krugman | Posted 04.21.2009 | Business

Read More: Toxic Asset Plan, Toxic Assets, Timothy Geithner, Barack Obama, Treasury Department, Business News

The Geithner plan has now been leaked in detail. It's exactly the plan that was widely analyzed -- and found wanting -- a couple of weeks ago. The zom...

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Toxic Asset Plan Near Completion: Sources

AP | MARTIN CRUTSINGER | Posted 04.20.2009 | Business

Read More: Toxic Assets, Timothy Geithner, Toxic-Asset Plan. Treasury Department, Business News

WASHINGTON — Treasury Secretary Timothy Geithner could announce as soon as Monday his much-anticipated plan to get toxic assets off the books of...

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Banks' Bad Assets Rise 149 Percent

msn.com | Posted 04.17.2009 | Business

Read More: Troubled Assets Increase, Bad Assets Rise, Toxic Assets, Bank Bad Assets Rise, Bad Assets Increase, FDIC Loans, Investigative Reporting Workshop, Business News

Foreclosures and bad loans raced through the banking industry in 2008, with the more than 8,000 U.S. banks registering a 149 percent increase in troub...

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How To Write Down Your Own Personal Toxic Assets

Kam Rezvani | Posted 04.05.2009 | Living

Read More: Toxic Assets, The Inner Life, Financial Crisis, Living News
Kam Rezvani

These days, writing down toxic assets is the dilemma that has consumed the entire banking industry and held the rest of the economy at bay. But banks are not the only entities weighed down with toxic assets.

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Conservatives and Their Pity Parties

Thomas Frank | Posted 04.04.2009 | Home

Read More: Chicago Tea Party, Mortgages, Conservatives, Joe the Plumber, Cpac, Financial Crisis, Toxic Assets, Gop, Rick Santelli, Zombie Banks, Barack Obama, Home News
Thomas Frank

The party out of power is also a party out of touch.

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A Proposal on How to Clean Up the Banks

Jeffrey Sachs | Posted 12.14.2009 | Business

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

Reuters | Kevin Drawbaugh | Posted 03.15.2009 | Business

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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Wary 'Vulture' Investors Eye Toxic Assets

New York Times | MICHAEL J. de la MERCED and ZACHERY KOUWE | Posted 03.13.2009 | Business

Read More: Toxic Assets, Financial Crisis, Vulture Investors, Vulture Investors Toxic Assets, Economic Crisis, Business News

Howard S. Marks is the sort of financier who Washington hopes will help fix the nation's tumbledown banks. Trouble is, he is not quite sure he wants t...

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The Audacity of Dopes

William K. Black | Posted 03.13.2009 | Business

Read More: Tim Geithner Bailout, Savings and Loan Industry, Wall Street Crisis, Fdic, Geithner Plan, Gresham’s Dynamic, Geithner Bailout, Economic Crisis, Federal Deposit Insurance Corp, Toxic Assets, Banks, Banking Crisis, Financial Crisis, Timothy Geithner, Credit Crisis, Business News
William K. Black

The bankers have convinced the Bush and Obama administrations that the taxpayers should be looted to bail out risk capital. We should stop listening to the folks that caused the crisis.

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