The International Monetary Fund estimated that major U.S. and European Banks lost as much as 2.8 trillion
in toxic assets and bad loans in from 2007 to 2010.
The International Monetary Fund estimated that major U.S. and European Banks lost as much as 2.8 trillion
in toxic assets and bad loans in from 2007 to 2010.
Not exact matches
March 23: U.S. Treasury Secretary Timothy Geithner unveils plans to buy as much as US$ 2 trillion
in unwanted mortgages and other «
toxic assets» from banks.
The 2008 financial crisis, on the other hand, was triggered
in part by subprime mortgages — essentially, loans given to homeowners unlikely to be able to pay them back — and investment vehicles based on them
in which these
toxic assets were bundled and often hidden.
What is worse is that all those Chinese have been saving their money and investing these last few years (those who could) and they invested
in the same
toxic assets that folded not long ago.
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.
The run was on wholesale money - that is, on repo and on unsecured commercial paper that had been issued
in the hundreds of billions by financial institutions loaded down with securitized
toxic garbage, including a lot of
in - process inventory, on the
asset side of their balance sheets.
Consider here what motivated the banks
in the first place: a great amount of their
assets turned out to be worthless (the famous «
toxic»
assets) when the bust hit
in 2008, and they found it difficult to maintain minimum capital ratios; their deposit liabilities of course remained the same, and initially the level of non-borrowed bank reserves went deeply into negative territory (this is to say, they were forced to borrow directly from the Fed's discount window during this time).
just read the American Government warnings for Citizens travelling
in Mexico and you will know that Paradise Earth is no longer Heaven on Earth... Rebellions, Refugees camps, Government Corruption, Wars, Death, Wealth disparity, injustice, State Security regulations... Poverty, unnecessary suffering, Death...
Toxic Assets, Economic Depression, Filthy Rich and Perversion....
One of the signal results of
toxic - stress exposure is a hyperactive fight - or - flight mechanism, which can be a valuable
asset in a violent home or neighborhood but is much less helpful during a seventh - grade history lesson.
So you are torn between wanting to draw a line
in the sand, sever all connection with your
toxic mate and divorce, which means expense and dividing up the
assets which for the vast majority of people means having to settle for a lower standard of accommodation, much lower.
Direct British bank exposure to Greece is only # 10bn, though of course
in our interconnected world of
toxic financial instruments ostensibly trading as
assets who can say what the real risk is?
It seems the markets are buoyed again
in the short term as the US government will eventual bridge the divide and start to buy up the «
toxic» mortgage - backed
assets.
This is off - topic now, but I guess Chase is doing what Congress was too stupid to think of doing when passing the $ 700 billion bailout that the Bush administration said was needed desperately and immediately — get better valuation of the
toxic derivative securities (which these credit card receivables are
in too) by getting as much of the underlying
assets paid off and out of the pool as possible.
I would add
in other
asset classes as well: credit default, emerging markets, junk bonds, low - quality stocks, the toxic waste of Asset - and Mortgage - backed securities, and private eq
asset classes as well: credit default, emerging markets, junk bonds, low - quality stocks, the
toxic waste of
Asset - and Mortgage - backed securities, and private eq
Asset - and Mortgage - backed securities, and private equity.
Even if the plan to remove
toxic assets from bank balance sheets is successful (however «success» might be defined), the rate of foreclosure will be unaffected, because no change
in the payment obligations of homeowners will result.
The problem
in money markets would be greatly eased if US banks sold their non government bonds for US Treasuries as Treasuries are zero weighted and other bonds are not (this includes good
assets, not just the
toxic stuff).
He was
in favor of the UK
toxic asset swap scheme — even though the pricing was ridiculous.
Thai turbine - terrorists, RATCH have also reacted with crazed panic; and have put everything up for grabs — clearly hoping to get out of a brewing financial collapse by way of the «greater fool theory ``, that vendors of
toxic assets rely on when they're looking to ditch them
in a hurry.
Your experience, knowledge and skills can make you a valuable
asset to the trial team
in a
toxic tort case.
FATCA makes U.S. citizens living and working abroad
toxic assets in the eyes of both financial institutions and employers;
Coordinated, precise deployment of these comprehensive resources helps minimize the consequences — including employee injury or
toxic tort claims by exposed persons, and difficulty
in recovering insurance
assets.
We look at an overview of the current financial crisis and the reasons for it —
Toxic assets and why the banks lent so much to people with so little — The Role of The Bank of England and whether reduction
in interest rates is working — The possibility of Deflation — Short selling of bank shares — The World shedding 70,000 + jobs a day — Madoff — How long the recession is likely to last.
Banks benefit from others investing
in notes as well because they are able to remove
assets that are considered «
toxic» from their books.
And
in the wake of the government's announcement that TARP money won't be used to buy
toxic commercial real estate backed
assets, spreads on the CMBX - NA - AJ 5 index shot up to 1,156 basis points on Nov. 13, while spreads on the CMBX - NA - AA - 5 index went up to 2,051 basis points.
In total, the TARP expenditures (between banks, other institutions and
toxic asset purchases) were just over $ 600B.