Sentences with phrase «toxic assets plan»
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.
http://www.canadianbusiness.com/
Housing and credit markets were put on life support, with a market - based plan to buy U.S. banks» toxic assets.
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.
He said the Obama administration's plan to snatch up soured loans and toxic assets could free up the credit markets and spur a recovery for the legal industry.