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.