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Having been bailed out for its toxic credit exposures back in America, Citigroup rebranded itself as an emerging-market bank.
ASSESSING banks' capital adequacy has become almost as tortured as trying to work out their exposures to toxic credit.
But they are punishing companies that come to market with unknown exposure to potentially toxic credit derivatives.
A bankruptcy was avoided only because of the size of the holding company's book of toxic credit derivatives, which senior executives barely understood.
The Fed will provide $53 billion of funding for two vehicles which will, in effect, assume AIG's most toxic credit derivatives and mortgage-backed securities.
On bank regulation our demands that over-big banks be broken up and casino investment banks be split off, bankers' bonuses and pay be tightly regulated, and toxic credit derivatives be banned or closely supervised, are not reported.
Similar(47)
Mr. LaBudde, of the Environmental Investigation Agency, who has long campaigned against the subsidy, said he hoped that no one would buy these "toxic" credits that "have no place in carbon markets" and that they would quickly disappear.
Banks are trying to get loans off their books to reduce leverage and flush the toxic credits out of the system.
Food safety, toxic trade, credit bubbles, mortgage scandals and economic insecurity--the nation under Bush has reached such a crisis point, even pundits and the press can't ignore what's going on.
But first, here's some guy from Standard And Poors to explain how all those toxic-tranched credit derivatives and swaps from 2008 could have possibly attained a top rating from an agency whose mission it is to safeguard the global economy what the American people have done to so displease the great God Moloch.
It will receive an annual management fee of $40m from the bank to look after the loans, which have turned toxic since the credit crunch.
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