Tag Archives: troubled assets

We’re Unlikely To Get Our Money Back

We’ve spent billions on bailouts. Now it looks like General Motors and Chrysler will need another bailout. We’ve spent about $200 billion on propping up AIG. Don’t hold your breath waiting for us to get our money back on that. … Continue reading

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New Private Funds To Purchase Toxic Assets

The U.S. Congress approved the $700 billion TARP program a year ago but it has yet to be implemented as intended. Initially, the U.S. Treasury planned to buy up to a trillion dollars worth of toxic assets from banks. I’ve … Continue reading

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Public – Private Partnership To Buy Banks’ Troubled Assets

The U.S. Treasury will unveil a plan this week for banks to sell off their troubled mortgage assets. This comes a year after Congress allocated $700 billion for this purpose. The NYT: Treasury officials said that five out of the … Continue reading

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Cleaning Up Toxic Assets To Free Up Mortgage Lending

The Obama administration will likely release plans this week to restart mortgage lending. The first plan takes aim at toxic assets — assets that numerous lenders have on the books that they fear valuing. The other plan is another assault … Continue reading

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The Commercial Real Estate Crunch

The real estate crisis began with subprime loans in CA and FL and Nevada and AZ but now it has spread across the nation and commercial property values are plunging. This Bloomberg article says beware of a dramatic level of … Continue reading

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Real Estate & Refinance News

THE NEW YORK TIMES REPORTS April 9, 2009 on the dramatic fall in Manhattan real estate prices. Some housing markets in the West are leveling off. Prices on condos and co-ops (98% of Manhattan’s residential property) are down 25% in … Continue reading

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How Best To Employ The Federal Housing Administration

President Obama, our nation turns its lonely eyes to you. It’s like he’s the second coming of Franklin Delano Roosevelt. High on the agenda is shoring up America’s banks. The two biggest — City and Bank of America — are … Continue reading

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Let’s Nationalize City – We Own It Anyway

If we nationalize Citi, we can then offer new mortgages and credit cards and other loans. A lot of people are talking about a national bank to buy toxic assets to free up lending. Sheila Bare of the FDIC is … Continue reading

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Why The Citigroup Bailout Is Bad

Column: Freddie Mac and Fannie Mae were the catalyst for our current financial crisis. By buying up risky subprime mortgages, Freddie and Fannie encouraged banks to make risky loans to folks who otherwise wouldn’t have received mortgages. Freddie and Fannie … Continue reading

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Housing Remains America’s Biggest Economic Problem

Is the only solution for banks to rewrite loan terms? Will their stockholders put up with this? Why penalize those who are keeping up with their mortgage payments? The Telegraph of London says: One recent report, from property research firm … Continue reading

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