Word: toxication
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Europe's markets are also down on the year, due primarily to effects of the U.S. financial crisis. Even more worrying than that slump continuing, however, is the exposure of European banks to toxic debt originating in the U.S. Governments are digging deep to to assure markets that they'll step in as that crisis becomes acute...
...will have many options open to him on how to unclog the credit markets, which Senator Judd Gregg, the top negotiator on the bill for Senate Republicans, described as a massive car accident in the middle of the highway. The government must clear the accident away by buying the toxic debt so that normal traffic can flow freely. One avenue will be to do a reverse auction, where banks compete to sell the Treasury their bad paper, with the Treasury choosing the lowest offers. The Treasury may also directly negotiate with companies, though no one knows exactly how that will...
...their clients, and runs a network of branches," says Antonio Ramirez, analyst at investment bank Keefe, Bruyette & Woods in London. "It's quite simple, quite traditional." Focused on retail banking, with limited investment banking operations, and with a long-buoyant domestic market to lean on, Santander side-stepped the toxic assets caught up in the collapse of the U.S. sub-prime mortgage market. Enjoying "good growth at home, they were never in the need of chasing growth in these kind of exotic instruments," says Ramirez. Santander's strategy - mirrored at rival Spanish lenders - owes much to the country's regulators...
...what caused the breakdown of a $700 billion rescue package that at one point seemed to have been amended to everyone's liking - with limits on executive compensation, more protections for taxpayers and homeowners, and additional oversight of the buying and selling of Wall Street's toxic mortgage-backed securities? In the simplest terms, it was House Minority Leader John Boehner's surprising declaration at the White House meeting that his caucus does not support the deal and that alternatives should be considered. House Speaker Nancy Pelosi has demanded that Boehner get at least half of his caucus...
...crippled economy would be an even greater burden on average Americans. Treasury Secretary Henry Paulson believes that while the House Republican proposal would help moderate the current crisis, it wouldn't be enough to do the job. Nor is it the most effective way, Treasury officials argue. Leaving those toxic mortgage-backed assets on financial institution balance sheets, they say, would not provide the additional liquidity that banks desperately need right now to get the nation's paralyzed credit markets flowing again. They also believe that it is largely unworkable because it would not help solve the problem banks...