Tuesday, Aug 11, 2009
Toxic assets are still there...
Businessinsider.com: Elizabeth Warren: The Toxic Asset Problem Hasn't Gone Away
Quick reminder: those toxic assets, which a few months ago were all anyone could talk about, are still there. They never went away.
The TARP never removed them from bank balance sheets, the underlying health of the securities hasn't improved, and there's still a big dispute over how much they're worth.
Posted by hotfoot @ 01:30 PM (149 views) Add Comment
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