Sox First: Lehman’s accounting shenanigans
Enron deja vu. Accounting shenanigans at Lehman Brothers that allowed them to park toxic assets off the balance sheet.
We Bought A Toxic Asset; You Can Watch It Die
Remember those complicated bonds full of home mortgages? The ones that almost brought down the economy? A team of reporters with NPR’s Planet Money used $1,000 of their own cash to buy a tiny piece of one — and plan to track it until it dies.
Planet Money Tracks Its Very Own Toxic Asset : NPR
Planet Money is committed to following the financial crisis to the bitter end. And what better way to do that than to own a piece of it. We bought one of those things that no one wanted, one of those things that almost brought down the global economy: our very own toxic asset.
Is intimate personal information a toxic asset in client-clo
Aggregators (Google, Yahoo, Microsoft, Facebook, etc.) tend to believe that personal information is a valuable asset for several reasons. It is valuable to advertisers because it enables greater relevance for their ads. It is valuable to users because it can be used to enrich their lives. And it is valuable to aggregators because they can use pers
Four U.S. Banks Shut Down as Failure Count This Year Reaches
Regulators shut banks in Maryland, Illinois, Florida and Utah, pushing the number of U.S. failures to 26 this year and placing more pressure on the Federal Deposit Insurance Corp. to dispose of a growing pile of toxic assets.
Mitt Romney’s TARP problem
The former Massachusetts governor and private equity investor supported the $700 billion bank bailout then and he still supports it today, albeit with a host of reservations and qualifications. The problem, of course, is that the Troubled Asset Relief Program is wildly unpopular among GOP. TARP a toxic issue for a GOP candidate in the age of Tea pa
Warren Buffett’s Bid to Save the Economy –and How It Failed
In March 2009, the Treasury created PPIP, pledging up to $100 billion to be matched with private money and leveraged into a $1 trillion toxic-asset-eating monster. Buy all the terrible assets, thought went, and we’re all set. Economy saved. Buffett’s proposal notes that he’d already lined up Goldman Sachs to work on raising $10 billion of equity.
Peter Schiff Answers the Question About Toxic Assets
Don Harrold interviews Peter Schiff about the history of the economy that lead us to the mess we are in today.
The Toxic Asset Investment Fund (TAIF) and the Public-Private Investment Program (PPIP)
Many people and investment firms are interested in investing in the “Toxic Asset Investment Fund”, or “TAIF” through what is now called the Public-Private Investment Program (PPIP).
What is the fund, and how can you invest? Currently several fund companies are considering starting mutual funds to buy these toxic assets, and these funds will allow individual investors to get in on the action. We hope to help you find news and information related to the TAIF and PPIP, such as if, when, and where you can invest, government guarantees, relative risk, and the possibilities of high yielding returns.
