Word: toxicities
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...step off my familiar soapbox for a second, I do think the picture is worth catching for the delicate and toxic nuances of Rudd's performance. And one of its funniest corollaries is that it shows how hilarious and instructive a star this perennial supporting player can be. See, Judd, he can carry a movie. And he might carry the rest of us not-as-funny-as-we-think-we-are guys along with him. Why, if I Love You, Man is a hit, Paul Rudd could make gauche the new cool...
...down to the White House chefs. But the common wisdom in Manhattan publishing circles was that George W. Bush would have to cool his heels for a while before he penned his memoir. The thinking: Bush's low approval ratings might render any presidential tell-all a toxic asset for his publisher...
Perhaps the most important part of any analysis of Citi's future is that it is not out of the "toxic paper" woods, as much as Mr. Vikram Pandit, the company's CEO would have people think. According to Bloomberg, the IMF predicts that losses from U.S. loans and securitized assets will reach $2.2 billion. Only about half of that amount has been written off on bank balance sheets, and over the 60 days since the agency put out the figure, it has not been revised. (See pictures of the Top 10 scared traders...
...Administration's long-awaited plan to save America's banks is being delayed again, government sources tell Time. Fears of an AIG-like backlash among potential private investors, and the difficulty of creating a model to price toxic assets on the banks' balance sheets, have both contributed to the delay, the sources...
...plan is intended to relieve banks of their toxic assets - including such securities as subprime mortgage bonds - through purchases by a public-private investment fund, heavily backed by government money. But versions of the plan have faced challenges from the start. Last year, when he was head of the New York Federal Reserve, Geithner said the government might to try by itself to restart sales in these assets using a "reverse auction" where sellers bid down an asset's price to compete for buyers. (Read "Obama's Challenge: Containing the AIG Bonus Outrage...