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Realtime Blog
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| We Bought A Toxic Asset; You Can Watch It Die |
We spend two days with Solberg looking for the right toxic asset. one, full of what appear to be California McMansions, seems promising. Solberg prints out a 604-page prospectus that reads like a historical record of the entire ...
3 hours ago
Publisher: Tech Hot Spot
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| NPR's Toxic Asset « Everything Finance |
The folks at NPR who have been covering the financial crisis wanted to learn more about toxic assets, so they took a similar tack. They bought one and have been studying it, dissecting it, and sequencing its genome. ...
1 day, 17 hours ago
Publisher: Everything Finance
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| Toxic assets as pets? « Save Capitalism |
Toxic assets as pets? March 13, 2010 Leave a comment Go to comments. Well, for those of you who have wondered what a toxic asset is and how it works – these people bought one for 1% of its original value. NPR, and also CNBC ...
19 hours, 51 minutes ago
Publisher: Save Capitalism
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| Their own little toxic asset - LA Biz Observed |
Brokers keep sending him announcements about which toxic assets are for sale today. One says: "Cheaper!" Another says: "Super senior steal!" Around lunchtime, Solberg finds a bond he likes for us. It's called an Option One Mortgage Loan ...
1 day, 18 hours ago
Publisher: LA Observed
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| CreditBloggers: Get Your Red Hot Toxic Assets Right Here! |
The hosts and crew at NPR's Planet Money pooled their money and purchased $1000 worth of toxic assets. Not because they were expecting to make a killing, but because they thought it would be a good way to learn more...
1 day, 16 hours ago
Publisher: CreditBloggers
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| Today With President Barack Obama |
The NPR Planet Money team chipped in their own money and bought a toxic asset, those financial bonds full of mortgages that people might not be able to pay, those creatures that nearly brought down the global financial industry. ...
10 hours, 35 minutes ago
Publisher: Today With President Barack Obama
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| Quite Noteworthy: Toxic Assets |
Toxic Assets. After listening to the Planet Money team at NPR buy a toxic asset, I wonder if our mortgage is a part of a toxic asset also... Listen here. Posted by Jason at 2:43 PM. Labels: economy ...
15 hours, 32 minutes ago
Publisher: Quite Noteworthy
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Digg.com Recent Comments
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| We Bought A Toxic Asset; You Can Watch It Die |
Remember those complicated bonds full of home mortgages? The ones that almost brought down the economy? A team of reporters with NPR's Planet Money used $1,000 of their own cash to buy a tiny piece of one — and plan to track it until it dies.
When: 1 day, 19 hours ago
Digg user page: allnuts
Comments: 53
Diggs: 631
Samepoint Search: allnuts
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| Planet Money Tracks Its Very Own Toxic Asset : NPR |
Planet Money is committed to following the financial crisis to the bitter end. And what better way to do that than to own a piece of it. We bought one of those things that no one wanted, one of those things that almost brought down the global economy: our very own toxic asset.
When: 2 days, 10 hours ago
Digg user page: Altoecko
Comments: 0
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| Is intimate personal information a toxic asset in client-clo |
Aggregators (Google, Yahoo, Microsoft, Facebook, etc.) tend to believe that personal information is a valuable asset for several reasons. It is valuable to advertisers because it enables greater relevance for their ads. It is valuable to users because it can be used to enrich their lives. And it is valuable to aggregators because they can use pers
When: 3 days, 13 hours ago
Digg user page: adamstubbs
Comments: 0
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| Mitt Romney's TARP problem |
The former Massachusetts governor and private equity investor supported the $700 billion bank bailout then and he still supports it today, albeit with a host of reservations and qualifications. The problem, of course, is that the Troubled Asset Relief Program is wildly unpopular among GOP. TARP a toxic issue for a GOP candidate in the age of Tea pa
When: 1 week ago
Digg user page: michael071
Comments: 0
Diggs: 1
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| Warren Buffett's Bid to Save the Economy --and How It Failed |
In March 2009, the Treasury created PPIP, pledging up to $100 billion to be matched with private money and leveraged into a $1 trillion toxic-asset-eating monster. Buy all the terrible assets, thought went, and we're all set. Economy saved. Buffett's proposal notes that he'd already lined up Goldman Sachs to work on raising $10 billion of equity.
When: 1 week ago
Digg user page: liuite
Comments: 0
Diggs: 1
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News Mentions
Lehman used accounting trick to hide toxic assets
WASHINGTON - An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the trickery spells legal jeopardy for executives of Lehman or its auditors Ernst & Young. |
Infographic: Tracking a Toxic Asset
NPR's Planet Money produces an astounding infographic that shows just how bad a bet the banks made when they went crazy for bundles of subprime mortgages. Toxic assets brought our economy to its knees. You remember those, right? They were bundles of sub-prime mortgages, which were sold to banks like bonds. As the bundled mortgages were paid off each month, they promised a steady portion of the ... |
Citigroup Shows Signs of Life Amid Lingering Pessimism
While the article is quick to point out that Citigroup (C) lost billions in the financial crisis and is still loaded with toxic assets, the writer found several sources who believe the worst is over, among them Bruce Berkowitz, who manages the %2411 billion Fairholme fund and was recently named Morningstar's U.S. stock manager of the past decade...( Read More ) |
Citigroup shares: No longer toxic?
Yes, Citigroup lost billions in the financial crisis. And yes, it's still swimming in toxic assets. But Bruce Berkowitz argues the worst is over. |
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