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Exact(19)
Because of declining asset values, the original bailout money has largely disappeared.
Others wanted to monitor the declining asset values of companies that had pledged their inventories and accounts receivable as security for loans.
"This was a challenging quarter, as we saw a marked decrease in client activity and declining asset valuations," Mr. Blankfein said.
After factoring out the turmoil, Mr. Tazi said, the effect of the slowing global economy is evident in terms of declining asset quality.
The company will have about $150 million in fiscal fourth-quarter costs for cutting jobs, closing offices and terminating leases, as well as declining asset values, it said.
Blackstone also posted $124.1 million in negative revenue, as management fees were more than offset by the reversal of performance fees triggered by declining asset values.
Similar(36)
Apache, a midsize oil exploration and production company based in Houston, is known for buying underperforming or declining assets and wringing more production out of them.
A third would involve the creation of "bad banks" that would buy the declining assets for cash or stock in the new entity.
No matter what it is called, the government would assume some of the risk of declining assets at the heart of the economic crisis.
And it has taken the same steps as creating a bad bank when it took $29 billion in assets held by Bear Stearns and guaranteed more than $300 billion in declining assets at Citigroup.
Mr. Geithner declined to provide any specific details or to address rising calls for the creation of a government institution to buy or guarantee the declining assets at several of the nation's largest banks.
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declining school
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depreciating asset
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