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ft.com - 3/25/2009

FT.com / Companies / Banks - US banks face big writedowns in toxic asset plan

— ft.com — The government’s toxic assets plan will force banks such as Citigroup , Bank of America and Wells... Fargo to take large writedowns on their loans, requiring them to raise more capital from taxpayers or investors, executives and analysts have warned. ... (more) FT.com / Companies / Banks - US banks face big ...

Stocks

Citigroup

Bank of America

Wells Fargo

Stimulus Plan

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zerohedge.blogspot.com - 3/24/2009

The Ridiculous Marks Of Toxic Assets

— zerohedge.blogspot.com — The Treasury's arbitrary transaction price of 84 for the " pool of residential mortgages " seems to... not have been all that arbitrary after all. In fact, as it may turn out, it was gloriously optimistic. A report by Goldman today on the PPIP caught my ... (more) The Ridiculous Marks Of Toxic Assets

Stocks

Citi Holdings

Comments vote downundo vote up Decline and Fall of Western Civilization found this 3/24/2009found this

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online.wsj.com - 3/21/2009

U.S. Sets Plan for Toxic Assets

— online.wsj.com — DEBORAH SOLOMON WASHINGTON -- The federal government will announce as soon as Monday a three-pronged plan to... rid the financial system of toxic assets, betting that investors will be attracted to the combination of discount prices and government ... (more) U.S. Sets Plan for Toxic Assets

Government

Stimulus Plan

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The “good bank” solution, once again
self-evident — Regular readers of this blog — and you might even number in the double digits at this point — will know that I am a big fan of the “good bank” solution for dealing with the toxic assets clogging the banking system. In a recent paper, Jeremy Bulow and Paul Klemperer flesh out the idea in some detail (via Mankiw). Can we really afford to try something so radical? We can’t afford not to. Via Interfluidity comes this sobering essay. He is right. If we do not take this opportunity to break the power of the ...