Word: bankes
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Dates: during 2000-2009
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...addition to getting private equity involved, some of the money from the remaining TARP capital may go to mortgage relief. According to MarketWatch, "The Treasury Department also is expected to use between $50 billion and $100 billion of the bank bailout program to fund a mortgage-mitigation proposal to help troubled homeowners avoid foreclosure." How does that series of programs get administered? No one knows...
...Strata is one of the many so-called toxic assets clogging the nation's financial pathways. What's more, the complicated bond and its ilk are likely to present a significant stumbling block in the government's latest effort to fix our ailing banks. (Read "Why Your Bank is Broke...
...Tuesday, Treasury Secretary Timothy Geithner is expected to announce the administration's plans for the second half of the $700 billion bank bailout approved by Congress last fall. The centerpiece is likely to be a government-backed aggregator bank (the much-discussed "bad bank"), which will provide financing and loss protection for investors willing to buy the troubled assets sitting on bank balance sheets. Those delinquent loans, or the bonds tied to them, are dragging down the financial firms' value, putting some dangerously close to insolvency...
...Pricing plain-vanilla mortgage-backed securities (MBS), which are based on thousands of home loans, isn't easy. But MBS are only the tip of the troubled bank iceberg. Lurking below are bonds that are more complicated, and much more difficult to value. Among the most confounding are collateralized debt obligations (CDOs...
Israeli voters are also worried that Netanyahu - and his objections to a proposed Palestinian state in the West Bank and Gaza - may clash with the Obama Administration. Otherwise, the ex-premier, with his flawless American accent (he went to M.I.T.) and mannerisms, is media-ready for the U.S. Netanyahu says he will refuse to stop expanding Jewish settlements in the West Bank and to share Jerusalem as the capital of a future Palestinian state. Both are seen as key to an accord with the Palestinians. Netanyahu also says Israel will stop Iran from building nuclear weapons, by force if necessary...