Economy Aug 12

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Where Are Toxic Assets Now?

Question: TARP was originally proposed to deal with “toxic assets” to unclog the books of financial institutions and prevent them from becoming insolvent. The toxic assets to date have not been bought up, so…

Economy Mar 27

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How Can Assets Be Toxic If They Were Insured?

Question: Why does everyone avoid discussions about PMI (Personal Mortgage Insurance), which protects the lenders from loss and is required on all loans with less than 20 percent down (except VA & Federal Housing…

Mar 23

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After the Treasury Department released its plan today to rid banks of so-called “toxic assets” by enticing private investors to partner with the government, Paul Solman answered questions on the basics of the plan. What exactly are…

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