Sentences with phrase «toxic debt instruments»
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.
http://www.strategypage.com/ Not exact matches
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.