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Special Report on

NPR Buys a Toxic Asset

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On Nov. 18, U.S. Treasury Secretary Henry Paulson told Congress the financial crisis has changed since lawmakers passed the $700 billion bailout plan. When U.S. Treasury Secretary Henry Paulson first announced the plan for saving the American economy, it called for using $700 billion to buy up so-called toxic assets. The idea was for the government to remove the mortgage-backed securities that were sinking banks' balance sheets. That got one pair of economists very excited. Larry Ausubel and Peter Cramton of the University of Maryland knew just how to carry out Paulson's plan — with an approach known as a reverse ...
discusses various actions and proposals by economists, government officials, journalists, and business leaders to address the subprime mortgage crisis and broader economic crisis of 2007-2010.
Secondary Sources: Toxic Asset, Cigarette Taxes, Consumer ...
NPR’s Planet Money purchased a toxic asset, and now we can all watch it die. “Our toxic asset has 2,000 mortgages, many of them in hard-hit states like California, Arizona and Florida. A lot of the people in our bond are really struggling. Almost half are behind on their mortgage payments, and 15 percent of the homes are already in foreclosure. At some point those homes will be taken over and sold for a loss. Every time that happens, the bond shrinks. Eventually, our part of the bond will disappear entirely. Until then, we get a little money every month from people paying off their mortgages. We just got a check for ... market research, surveys and trends
Goldman Sachs vs. S.E.C. | WBUR and NPR - On Point with Tom Ashbrook
How far will they go with this? What does it really mean? Will any real punishment be handed out? What we need to do is shock and awe the corporate community–strike fear into the hearts and minds of the CEO’s and the 400 some odd billionaires that think they can manipulate mankind and horde everything for themselves and make everyone else wage-slaves. We have no middle class–there is the billionaire elite, and there is the working class–their digits–or as the banks and insurance companies refer to us–dead peasants. their rhetoric and their actions prove they are morally bankrupt and the ... market research, surveys and trends


Q&A: For $700 Billion, U.S. Would Look Overseas : NPR
A man checks the prices of stocks at a securities firm in Hong Kong on Sept. 16, 2008. After the collapse of Lehman Brothers, the Hong Kong market plunged 6.5 percent. If Congress passes the Bush administration's proposed $700 billion Wall Street bailout, the next problem will be how to pay for it. Much of the answer lies with foreign investors. Some of those investors are private individuals or firms. Others are official government actors — the central banks of countries and so-called sovereign wealth funds. The United States government will need to entice those foreigners to lend it money, probably in the form of ... industry trends, business articles and survey research
Major Government Role In Treasury Plan : NPR
The Treasury Department calls its long-awaited plan to deal with so-called toxic assets a public-private partnership. The plan depends on private investors to supply much of the capital that will be needed to eliminate bad loans and toxic securities from the financial system. Copyright © 2009 National Public Radio®. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required. ROBERT SIEGEL, host: From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel. After a long wait, investors finally got some details today. The Obama administration outlined its plan to relieve ... industry trends, business articles and survey research


1 1 This American Life Episode Transcript Program #375 Bad Bank ...
collaboration between us and NPR News. the collapse of the U.S. banking .... Alex Blumberg: So if Caitlin's dollhouse is in fact a toxic asset, .... and so it buys it from Adam for a higher price than he could get now ... let's ... technology research, surveys study and trend statistics
On Wednesday, May 26, the Congressional Oversight Panel will hold a hearing in room 342 of the Dirksen Senate Office Building on the financial assistance provided to American International Group, Inc. (AIG) under the Troubled Asset Relief Program (TARP) and other government financial stability programs. Through a series of coordinated efforts, Treasury and the Federal Reserve have provided over $133 billion related to AIG since September 2008. Under TARP's American International Group, Inc. Investment Program (formally known as the Systemically Significant Failing Institutions Program), the U.S. Treasury Department has ... technology research, surveys study and trend statistics
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I've suddenly begun to experience a rather disturbing auditory phenomenon. Sounds as heard by my right ear are pitched lower than the same sound as heard by my left ear. This gives people's voices and music (especially music) a very frightening and eerie chorus effect that's becoming more and more disconcerting. "Is the hope for profound change misdirected in a country where almost 50% of the population voted for the incumbent party?" (Historical perspectives on this question, please) Where is there a large outdoor staircase in the SF bay area, similar to the Spanish Steps in Rome? Needed for wedding proposal ...
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