ToxicAssets News

ToxicAssets News From AOL News

Taming Financial Weapons of Mass Destruction

(March 9) -- The campaign to rein in a type of risky investment villainized in the economic crisis and blamed for the government bailout of AIG and the financial collapse of Greece is gaining momentum in Washington and other capitals, where officials are comparing it to piracy of another age. On Tuesday, a key U.S....

ToxicAssets News From the Web

02/16/12 Toxic-asset deal a loser for Wellington Source: Boston Business Journal - Boston MA A $29 billion federal program to let banks sell toxic assets to hedge funds has not worked out too well for Boston's Wellington Management, the Boston Globe reports, citing information from the U.S. Treasury Department.
01/20/12 Brady Dougan Is Waiting For His Thank You Source: Dealbreaker Remember, back in December 2008, when Credit Suisse announced it would be paying out bonuses comprised of toxic assets?
01/19/12 Credit Suisse Toxic Bonuses Trounce Stock, Rival Gold... Source: Bloomberg.com The toxic-asset bonuses given to senior Credit Suisse Group AG (CSGN) bankers at the depths of the 2008 financial crisis are turning out to be almost as good as gold.
04/19/11 Should You Worry About a U S Default Source: Van Zandt News Standard & Poor's, the ratings agency, lowered its outlook for the United States to "negative" on Monday, a warning that the country's top-notch, triple-A credit rating may be lowered.
02/20/11 The bank guarantee: a mistake we must fix Source: Irish Newspaper Irish and European policies have been stuck behind the curve since the onset of the financial crisis in 2008.