Geithner and Toxic Assets: What It All Means

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loriaplaza of IL 3:30AM October 09, 2009

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salhdenede of HI 8:32PM August 20, 2009

+1

soundtracks of AL 5:45AM July 17, 2009

Great site. Keep doing.

soma and drug screen of AL 7:10AM July 04, 2009

nice, really nice!

Invexixheli of AL 1:23AM April 17, 2009

Why is the politically correct term now "Toxic Assets" instead of DEADBEATS non-paying mortgage loan?
Sorry, I did not drink the PC cool-aid.

PC Offender of DE 12:26PM March 25, 2009

Really. True story. Original price $45.00, marked down several times, now on "take half off the sale price". I paid $6.75 for a nice, nice shirt.
If Dillards had to sell it for $45.00 in a slow climate, it was a BAD ASSET on the balance sheet. At $6.75, I say it's a good asset and I "took it off their books".
OF COURSE there will be private investors if the prices are cheap enough for mortgage bonds. While we want the "gubmint" to help with this, let's hope the "gubmint" does not provide so much money and assume so much of the risk that taxpayers get soaked while hedge funds walk off with the nice $6.75 shirts.

Muser of NM 6:52PM March 23, 2009

Let's not forget lots of investors have recently been burned on the collapse of toxic bank assets tied to sub-prime mortgage securities. Why would they jump at a chance to invest in more of the same? Most of the government's strategy has been to pour $trillions to bail out large corporate financial institutions - but the credit market is still locked up and the jobs hemmorage continues unabated and appears to be accelerating. Without public confidence and income resources to purchase the services and products that give corporate America their profits (business, banks, insurance, car mfg, ect) - their balance sheets will remain weak to toxic and will not be encouraging to investors once burned. Get Americans back to work and consumerism along with confidence in all sectors of the economy will rise - including the investment community.

Tony Lee of CA 6:40PM March 23, 2009