{"id":139863,"date":"2010-01-05T08:58:23","date_gmt":"2010-01-05T13:58:23","guid":{"rendered":"http:\/\/nw0.eu\/2010\/01\/05\/banks-making-a-killing-on-government-toxic-asset-program.html"},"modified":"2010-01-05T08:58:23","modified_gmt":"2010-01-05T13:58:23","slug":"banks-%e2%80%98making-a-killing%e2%80%99-on-government-toxic-asset-program","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/139863","title":{"rendered":"Banks \u2018Making A Killing\u2019 On Government Toxic Asset Program"},"content":{"rendered":"

\"\"<\/p>\n

‘As Bloomberg reports
\nthis morning, some of the nation’s largest banks have actually bought
\nmore risky home loans instead of getting them off their balance sheets.
\n<\/font><\/p>\n

\n<\/div>\n

In other words, the
\nprogram that was supposed to help banks dispose of these toxic assets
\ninstead made those assets so marketable that banks bought more — and
\nare now at even greater risk. The banks apparently decided that the
\ngovernment’s entry into the mortgage security market was simply a
\nguaranteed money-making opportunity.’<\/font><\/p>\n

\n<\/div>\n

Read more…<\/a><\/font><\/p>\n

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