Latest Toxic asset Stories
The program designed last October to remove frozen loans from the books of U.S.
The $700 billion Troubled Asset Relief Program assembled in Washington a year ago is going to finally focus on toxic assets, administration officials said.
A group of mostly Republican U.S. senators say Treasury Secretary Timothy Geithner should wrap up the program used to bail out banks by the end of the year. The $700 billion Troubled Asset Relief Program will automatically terminate next month unless Geithner moves to extend it.
While the U.S.
Investors were given two views of the Troubled Asset Relief Program this week, which a U.S.
The $700 billion Troubled Asset Relief Program has failed in its stated mission of relieving U.S. banks of toxic assets, a congressional panel said. The U.S. banking system has become more stable with billions of dollars of bailout funds invested in banks.
Washington regulators have turned their attention back to a cornerstone of the financial crisis with a scaled down version of a program to buy toxic assets. There are, specifically, three approaches to unwinding the U.S. housing crisis in the works.
The U.S. Treasury kicked off the Public-Private Investment Program Wednesday, naming nine companies to serve as asset managers. The nine companies have 12 weeks to raise $500 million from private investors in anticipation of an auction of troubled bank assets.
Asian and European stocks pointed mostly up early Monday, adding to the big question facing Wall Street analysts: What's working? A month of gains in the Dow Jones industrial average and the Standard & Poor's 500 could be fitful anomalies, like November's rise that cheered investors briefly before crumbling into a longer pattern of disarray.
Asian markets turned in a mixed day Friday in a year when a mixed day could be considered a victory, given a long bear market trend. The Nikkei average was down slightly in Tokyo, losing 9.3 points, while the Hang Seng index in Hong Kong was up 10.52 points or 0.07 percent.
- Growing in low tufty patches.