TOXIC ASSET INVESTMENT FUND NEWS

Toxic Debt, Assets and the dumping of them. All neatly explained with the aid of a few baked beans.

Toxic Debt, Assets and the dumping of them. All neatly explained with the aid of a few baked beans.

The Bornmann Law Group, Arizona’s bankruptcy law firm, wrote an informative blog about toxic assets, Arizona golf courses and the recession. Summary: Arizona area golf courses are finding themselves in the deep rough. Investors are facing dire financial times. Some find themselves on the brink of filing for bankruptcy protection.

Network’s Charlie Gasparino reports that the FDIC is looking to separate Shorebank’s assets and take control of the more toxic assets.

I ‘t know who is stupider: Is it Neel Kashkari, Bush Treasury’s former architect and Obama’s administrator of the TARP plan for purchasing toxic bank assets, who today lectured the elderly on why they should accept cuts in Social Security and Medicare because shared sacrifice is the way to save American free enterprise? Or…….

I ‘t know who is stupider: Is it Neel Kashkari, Bush Treasury’s former architect and Obama’s administrator of the TARP plan for purchasing toxic bank assets, who today lectured the elderly on why they should accept cuts in Social Security and Medicare because shared sacrifice is the way to save American free enterprise? Or…….

BP to sell Vietnam assets to help pay oil spill costs | Toxic Waste Facts

BP to sell Vietnam assets to help pay oil spill costs | Toxic Waste Facts

Either in anticipation of QE2 which will cut the value of the dollar by another 50% once another $2 trillion in toxic crap becomes the assets backing the viability of the dollar, or just because they are sick of Fed policies, mid-Michigan has taken monetary matters into their own hands, and in one simple act, [...]

As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations, and media agreed that spending some $700 billion to buy the investors’ “toxic assets” was the only alternative to the U.S. economy’s “systemic collapse.” The public objected immediately, by a 4:1 margin.