Special Report on
Toxic asset plan
Toxic asset plan - Trends
Latest Trending Story:
The FDIC's plan to help banks rid their balance sheets of toxic mortgage assets was put on life support -- and may now be dead. Many banks have refused to accept their losses and sell their loans, even though the government was prepared to prop up prices by offering cheap financing to investors. The banks refused the bargain and kept their prices higher than investors wanted to pay. In acknowledging failure of the Legacy Loan Program, Sheila Bair, chairwoman of the FDIC, told The New York Times , "Banks have been able to raise capital without having to sell bad assets through the LLP, which reflects renewed investor ...
today, Treasury Secretary Tim Geithner outlines the administration's plan to buy as much as $1 trillion in troubled assets and mortgages. "The funds established under this program will have three essential design features. First, they will use government resources in the form of capital from the Treasury, and financing from the FDIC and Federal Reserve, to mobilize capital from private investors. Second, the Public-Private Investment Program will ensure that private-sector participants share the risks alongside the taxpayer, and that the taxpayer shares in the profits from these ... Read More
SURVEY RESULTS FOR
TOXIC ASSET PLAN
Long Beach City Council Meeting
7/1/10: White House Press Briefing
- WEBINAR: Financial Reform Watch - Adapting to the New Normal ...
- Microsoft PowerPoint - Part 3 _ GT FDIC Webcast _HANDOUTS.pptx