Word: toxication
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...question such a specter poses to both banks and governments is vexing: doesn't extending new loans to companies and individuals whose income might significant suffer during economic shrinkage risk creating the same sort of toxic debt that provoked the on-going global crisis in the first place...
...bigger question: Is there enough money to pay for everything the government is proposing? The new plan accounts right off the bat for a big hunk of the $700 billion that Congress approved. Will there be enough left over to buy up the toxic debts in the financial sector, for which the $700 billion was originally designed? Some analysts have estimated that those bad debts could total well over $1 trillion. It would be politically unappealing, to say the least, for the Administration to have to go back to Congress for more bailout money...
...innovation in financial products is still slow," says Sun Fei, Managing Director and Chief Economist at Hong Kong-based fund manager China International Capital. In other words, China's financial sector is just primitive enough to have prevented its banks from getting burned by buying complicated and ultimately toxic subprime mortgage products and derivative securities...
...banking world and led to a seizure of the global system. And they also believe that the $700 billion bailout plan was badly misdirected because it didn't set out to recapitalize the banks in a swift and clear fashion, but rather aimed to buy up the portfolios of toxic assets, which would be far more complicated and time-consuming. Paulson himself is now changing tack and looking to inject money directly into U.S. banks, too, which of course makes the Europeans feel even better about their plan...
...state. It was one of the first major issues since the Federal Government started taking one unprecedented step after another to try to jolt lending back to life - cutting interest rates, starting a program to buy short-term corporate debt, authorizing hundreds of billions of dollars to get toxic mortgage-related assets off bank balance sheets and inject capital into the companies. "We were really worried," says Jonathan Miller, the state's secretary for finance and administration. "We had encountered a lot of pessimism and skepticism that we'd be able to sell these bonds." Bolstered by how the Kentucky...