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Elizabeth Warren explains the Toxic Assets Minefield

Thu, 08/13/2009 - 7:27am — a little night ...

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[via zero hedge, of course!]

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The toxic assets minefield

Wed, 08/12/2009 - 10:29am — a little night ...

The Congressional Oversight Panel reported recently that toxic assets continue to be a potential threat to the smaller banks, and more cleanup may be needed. Reuters:

"No one has a good handle how much is out there," Warren said. "Here we are 10 months into this crisis...and we can't tell you what the dollar value is."

Estimates are that "somewhere between $600 billion and $1.5 trillion in toxic assets (is) spread across the balance sheets of the small and the large banks," Warren said, adding: "That's a lot."

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A modest proposal: Buy ALL the mortgages, not the toxic derivatives

Tue, 02/10/2009 - 6:12pm — bringiton

I am not an economist, but I can do arithmetic.

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