Sentences with phrase «in toxic debt»

This is shown in economics by the potential for small initial shocks — a few hundred billions in toxic debt for instance — to cause a global economic meltdown as a result of collective emergent behaviour.

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Not exact matches

As anyone who's dodged calls from collections agents knows, debt creates stress, which spawns all sorts of nasty offshoots in the workplace: lowered productivity, higher absenteeism, toxic morale.

The latter re-incorporated themselves as «banks» to get Federal Reserve handouts and access to the Fed's $ 2 trillion in «cash for trash» swaps crediting Wall Street with Fed deposits for otherwise «illiquid» loans and securities (the euphemism for toxic, fraudulent or otherwise insolvent and unmarketable debt instruments)-- at «cost» based on full mark - to - model fictitious valuations.

Wherever governments and central banks unleashed aggressive stimulus policies in recent years, a toxic debt hangover has followed.

The Obama Administration's Wall Street managers have kept the debt overhead in place — toxic mortgage debt, junk bonds, and most seriously, the novel web of collateralized debt obligations (CDO), credit default swaps (almost monopolized by A.I.G.) and kindred financial derivatives of a basically mathematical character that have developed in the 1990s and early 2000s.

In a speech entitled «The Federal Reserve's Monetary Policy Toolkit: Past, Present and Future,» Fed chair Janet Yellen outlined why zero interest rate policy (ZIRP), purchases of toxic mortgage securities, and monetization of Treasury debt just aren't adequate.

The toxic securitized mortgage assets were not in the Main Street banks and savings and loans; these institutions owned mostly prime quality whole loans and could have bled down the modest bad debt they did have over time from enhanced loan loss reserves.

Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99 - cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer.

They stayed in toxic relationships or chained themselves with massive debts.

In European terms it would be considered politically toxic, but across the Atlantic the movement dragged the Republican party to the right and served to almost scupper talks in Washington on the debt ceiling — an event Standard and Poor's cited when reducing the country's credit ratinIn European terms it would be considered politically toxic, but across the Atlantic the movement dragged the Republican party to the right and served to almost scupper talks in Washington on the debt ceiling — an event Standard and Poor's cited when reducing the country's credit ratinin Washington on the debt ceiling — an event Standard and Poor's cited when reducing the country's credit rating.

By forcing the taxpayer to pick up the «toxic debts» that plunged the system into crisis, it aims to protect our ability to go on behaving similarly in the future.

For those struggling with toxic debt, filing bankruptcy is actually a responsible move in an economy that continues to be tied down by rising prices.

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In 2016 Martin founded and funded a new charity, the Money and Mental Health Policy Institute, to research, lobby and innovate policies to try to break the toxic relationship between mental health issues and debt.

U.S. Bank shares are leading the way lower on growing concerns that Euro Zone financial institutions face exposure to toxic debt in Greece.

CLOs are basically a sub-set of Collateralized Debt Obligations (CDOs)-- yes, that evil toxic waste which almost destroyed the world in 2007 - 08!

Furthermore, the banks would never have had the financing to get themselves in such deep toxic housing debt without the GSEs in the first place.

Gordon Brown, for example, was as much in denial about financial realities as any toxic debt trader.

Under this rule, lenders can not include toxic features such as negative - amortization «option ARMs» that increase borrowers» debt with each monthly payment, or excessive upfront points and fees (these will be limited in most cases to 3 percent of the loan amount).