Word: toxicants
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Treasury's willingness to eat up toxic mortgage-backed assets stuck on bank balance sheets could help temporarily improve those banks' standing, but there's no certainty it will adequately ease the flow of lending in a market permeated by fear of further failures. In fact, the Federal Reserve's move Tuesday to take an active role in the commercial paper market for short-term loans was a tacit acknowledgement that the bailout bill will not on its own stem the bleeding...
Even if the $700 billion is spent efficiently on buying up toxic assets, though, it may not be sufficient. The Treasury may yet go back to Congress begging for additional dollars from a new administration if the initial allowance doesn't yield sufficient liquidity. And having fewer junky assets on their books may not cure banks of stinginess in the current climate of constraint. "Once confidence is destroyed, it's not easily restored," says Angel...
...attempt to solve the subprime crisis by three private banks (Citigroup, JP Morgan Chase and Bank of America) using private money - essentially what Treasury Secretary Hank Paulson hopes to do now with public funds. Within months, however, the Conduit was abandoned when no investors were willing to buy the toxic mortgages. And so the government bailout was devised. "It's gotten to the point that Bernanke and Paulson have lost enough credibility," Low said. "They have to show results now." He added: "Even if all of these plans work, there's still going to be a pretty dramatic decline...
...house.' And if they did get the house, people did think that it was an answer to prayer, when in fact it was really bad banking policy." If so, the situation offers a look at how a native-born faith built partially on American economic optimism entered into a toxic symbiosis with a pathological market...
...bridge at anchor off the village of Hobyo. "We were fishermen. I used to work in the sea every day. But ships from other countries fish our coasts illegally, destroy our nets and fire on whoever approaches them. We were refused the right to fish. They even dump toxic waste. We couldn't work. So we decided to defend ourselves." Ali insists that piracy would stop if the pirates' fundamental grievances were addressed. "If the world stops stealing our property and harming us, we have a solution," he said. "We will stop the piracy and go back to our normal...