If youve been following the problems encountered by the banks, youve probably come across the phrase toxic assets. Theyve poisoned banks balance sheets and brought them to the brink of failure. But what is a toxic asset, exactly? Marketplace Senior Editor Paddy Hirsch explains.
I wonder why I keep coming back to your page, such a nice channel!
quentinborys 2 months ago
even i can understand this, but the question on my mind right now is will the yen get stonger or weaker?
Leon112006 4 months ago
@Buffettbuyingdotcom
no doubt! earlier today i had done a search on "quantitative easing" and of course caught a few hits. so i opened a few them at the same time across browser tabs (as is my habit) and his was one of them.
midway through viewing it, i didnt bother with the other vids, i just closed those tabs outright and continued to watch him and when i was done well ... i 've basically just been on his channel the whole day!
paddy makes the best vids. they're fun!
paragshah2112 9 months ago
paddy you say ppl didnt practise due diligence and didnt know what they where buyng but wasnt a fraud committed by the banks they withheld information from the ppl and sold shitty loans
zhalli1 10 months ago
Hes english not irish
bentham83 11 months ago
LEAVE IT TO AN IRISHMAN TO END ALL OF HIS THOUGHTS WITH...
"BADLY IN NEED OF A DRINK" LOL !
Very good set of modules ol, man !!
Buffettbuyingdotcom 1 year ago
Nothing left for the government to do but go to war..Again...
ofontela 1 year ago
@theebob2008 Yeah, our trusted public servants are telling these bankers (but not homeowners) "give us your junk debts and your busted lottery tickets, we'll put it on the public balance sheet, or stuff it into the Fed and keep it in our new off-the-books Maiden Lane fund which we just capitalized. We can pretend the losses do not exist and we actually got full "face" value when we paid you full price."
Who won? Them.
Who lost? Us.
Our pub servants ARE other bankers, friends of sellers.
dilbertgeg 1 year ago
@camyoung30 not to get into an argument but that might be true. When people eat junk food what happens usually? They start not looking so good compared to when they were eating healthier foods. This could be the same with the government. The government is eating up toxic assets. These are the assets that no one wants because it is not a sound financial investment. Since these are assets that are not good for individual investors it probably is not good for a government either.
theebob2008 1 year ago
@avster95 nice thought
jainamshah007 1 year ago