Owners of these derivatives were suddenly bleeding money, and stuck
with toxic assets no one would touch.
Not exact matches
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.
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.
Housing and credit markets were put on life support,
with a market - based plan to buy U.S. banks»
toxic assets.
The «
toxic asset sale» simply replaces the bad
assets with cash.
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.
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.