Sentences with phrase «toxic debt debt»

If eliminating toxic debt debt can restore finanical health to the individual, and collectively to the nation, then filing bankruptcy actually becomes an act of patriotism, and nothing to be ashamed of.

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 included the «toxic» collateralized debt obligations that became relatively valueless because they were tied to sub-prime mortgages.)

It sheds light on the complicated, often toxic, relationship we have with debt.

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.

This explains why mortgage debts have become repayable and «gone toxic.»

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.

Nonetheless, Canadians trying to imagine how a broad economic downturn could play out should pay attention to what's happening on the Prairies, where high house prices, soaring personal debt levels and an unexpected wave of job losses proved to be a toxic mix.

But for those who qualify, they're worth considering as a way to eliminate toxic debt.

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.

That competence isn't really lost, only your government has encouraged the creation of a vast financial services sector focused on the creation of toxic debt instruments linked to the real estate bubble that was itself a result of the credit expansion.

Yet, even if political concern doesn't materialize into action, a more systemic problem remains: rising interest rates combined with the toxic mix of corporate inequality and debt.

What makes this all the more toxic is that European domestic banks and other financial institutions are encouraged to keep the charade going because global banking regulation makes the SOVEREIGN DEBT A ZERO RISK WEIGHTING.

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

[64] The Independent described the entity sold as the «detoxified arm» of the bank, while saying the taxpayers retained «responsibility for # 20bn of toxic assets such as bad debts and closed mortgages.»

Or was it a ploy to get the feds to buy up the toxic mortgage debt even then?

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 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.

«There are shorter product life cycles and if consumers are feeling less connected to the products they're already buying, just add easier access to credit and higher consumer debt levels and it's a toxic combination,» says Shah.

The last thing such banks want on their books today is further potentially toxic debt.

Ehow.com reports that out of all the debt owed by American consumers, perhaps the most toxic is credit card debt.

The bankruptcy attorneys at Doan Law Group have assisted thousands of clients obtain relief from toxic debt for well over the last fifteen years.

An overdose of toxic debt can wreak havoc on a healthy credit score.

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.

Doan Law Firm has helped more than 30,000 people remove toxic debt from their lives and get a fresh start.

However, when other options are exhausted, a 401 (k) loan might be an acceptable choice for paying off toxic high - interest debt, when paired with a disciplined financial plan.

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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.

What we can do is ask ourselves whether our debt is healthy or toxic for our financial future.

Doan Law Group is an experienced, credible law firm that has helped more than 30,000 people receive successful discharges from their toxic debt and get a fresh financial start.

This video tells you exactly what you need to know about how to get rid of toxic debt.

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

Pauline Boudry and Renate Lorenz call their dark installation, with a debt to Jean Genet, Toxic.

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.

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.

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

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This post will explore the 2009 subprime mortgage crisis and the hypothetical impact a blockchain may have had with regards to the proliferation of toxic synthetic Mortgage Backed Securities (MBS) and Collateralized Debt Obligations (CDOs).

Additionally, family of origin factors such as toxic or healthy cognitive, emotional, or behavioral patterns, mental illness, how effectively parents and friends express themselves while communicating their approval of dating and potential marriage partners, enmeshment with or autonomy from the family, school / work stress and related spillover, debt, health, and functional and dysfunctional interactions with family members, can each exert an influence on dating relationships and future marital quality, stability, and satisfaction (Larson and Holman 1994; Holman 2001; Larson 2003).

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).