Word: toxication
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...That strategy is to stay focused on core banking operations. While bank chiefs in the U.S. and Europe gorged on high-risk subprime lending and complex mortgage-backed securities in a quest for fat returns, Sands avoided toxic assets that got its competitors into trouble. Sands became even more cautious as the U.S. housing bubble began unraveling in 2007. Some risky borrowers - such as low-margin Asian exporters, which have been hit hard by the collapse of U.S. consumer spending - were asked to cough up more collateral when renegotiating loans, while other marginal customers were denied further credit. To strengthen...
...toxic-assets-buying program: Is that dead...
What you are suggesting is that because the system seems to be getting healthier, the banks think the price for the toxic assets is not high enough...
That would be nice, if Brown has the strength to make a difference. But after 12 years, and facing a public whose attitude to politicians is a toxic mixture of weariness and disgust, the problem for the Prime Minister, as for Labour, will be persuading anyone to listen...
...script, written by Brian Helgeland, who won an Oscar for his L.A. Confidential, does try to put a stethoscope to the current national malaise when it alludes, toward the end, to the toxic duplicity of insider trading. There's also a superrich mayor (James Gandolfini) who could be Michael Bloomberg with a bigger gut. But most of the film takes place in a fantasy present, where the Dow is at 11,000 - a relic of that halcyon era of 2008, when the movie was shot. And by emphasizing the cop-killer relationship, the picture loses the original's busy fresco...