Sentences with phrase «same toxic assets»
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.
http://www.strategypage.com/ Not exact matches
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).