Sentence examples for for bad assets from inspiring English sources
Instead, the administration has offered hundreds of billions in subsidized loans to hedge funds and other private investors to entice them to offer inflated prices for bad assets.
A review of US loan files will show that fraud and misrepresentation were pervasive, that the market for bad assets cannot be recreated.
This is hard to do without rewarding shareholders and bank executives, overpaying for bad assets, and infuriating the public, but Geithner believes that he has found a way around these challenges.
The Lloyds Banking Group said on Friday that it expected to report a profit this year as trading had so far been strong and provisions for bad assets were not as large as previously forecast.
The government, which had encouraged the merger to keep HBOS from collapsing, may become the majority shareholder when the bank completes negotiations on joining the government insurance program for bad assets.
In a speech on January 13th Ben Bernanke, chairman of the Federal Reserve, pointedly highlighted the continuing need for the financial system to shed its toxic assets.That was the original purpose of the $700 billion Troubled Asset Relief Programme TARPP), approved in October, an effort that largely foundered on the difficulties of setting a purchase price for bad assets.
These funds would bid at auctions for pools of bad assets being sold by troubled banks.The first place to start reading about the plans is at Brad DeLong's site, where he offers an FAQ post that probably reflects, to a certain extent, the adminstration's thinking.
But without a cure for the problem of bad assets, the credit crisis that is dragging down the economy will linger, as banks cannot resume the ample lending needed to restart the wheels of commerce.
For example, the drawing together of bad assets and gussying them up is nothing new.
One major stumbling block was to work out what price to pay for the bad assets: markets were thinly traded and prices often did not exist.Micro theorists came up with the answers.
During that time, Mr. Fastow and others in Enron management used the off-the-books partnerships, known as "special purpose vehicles," as a virtual dumping ground for both bad assets and debts.
