Fox News – $13 Trillion in Toxic Assets for Top 25 US Banks!!!
Filed Under (Loans) by admin on 02-09-2010
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FOX News – 1/27/09 – Because You Asked… “You Talked most the banks retentive cyanogenic assets. How whatever cyanogenic assets are there?” www.foxnews.com Toxic Assets (Level 3 Assets) = Those things owned that haw hit a modify continuance than the example purchase, but it arduous to place a continuance on. According to the report, the crowning 5 Big phytologist estimated $ of Toxic Assets: – Citigroup $157 Billion – J moneyman Chase $140 Billion – moneyman discoverer $78 Billion – nihilist Sachs $69 Billion – Bk of USA $60 Billion —- Total $505 Billion! Top 25 phytologist = ~$13 Trillion Toxic Assets!! Another scary saucer is that there are whatever another soon-to-be cyanogenic assets same – Student Loans – Auto Loans – Credit Card Loans Supposedly, these hit not been figured in yet. Feeling beatific yet? 
Remember — PREPARE, PREPARE, PREPARE
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What effectively happens when they settle these massive deals? So if a bank ends up owing another bank $5 trillion, they simply don’t have the cash to pay. I’m speaking hypothetically as I’m aware most of the time they hedge their bets by taking up positions on both sides (e.g. buying and selling CDSs on the same credit event) and therefore comparatively little cash changes hands, but if they did end up owing that much?
You’re a moron. Blame your MAMMA… fucking dork.
Hey I like your analogy. You have FAUX NEWS, COMMUNIST NEWS NETWORK or if people prefer “CORRUPT NEWS NETWORK”. or MONSTER SCAM NEWS BULL CRAP.
I saw Liz once ,she was standing up talking,her body had got to be a nine,It was very hot.
fake money and come xmas you guys are gone. Thank the jews for this one and DONT give me you anti whatever. Close to 30mil people died during the 2ww and that was the USSR. 6mil killed shit yeah bad BUT Fcuk they bring it up each week. make money from it etc. Good Luck.
I’m impressed. Sure hope you are going to school for Economics or Finance (and perhaps teach it.
. Since you are way ahead of the game knowing the big picture, the question for you is—How are you going to profit or at least improve your life and financial position by understanding the current economic situation? What is the next step for you?
obama a liar why people dont vote for ron paul or ross perot the only 2 i know of worth voteing for
Liz Klaman is too good for Fox News Channel.
Because once the mortgate broker has done it with the bank, it is no longer his problem.
When the Bank sells the mortgate to an Investment Banker it is no longer his problem.
By mixing it up with proffitable mortgates, it becomes a 3 tiered CBO, top is AAA, mid is BBB and the bottom is not even bothered to be rated. Top is insured.
Then it’s sold to investors, top to the cautions, mid to investors and bottom to hedge funds.
It is now their problem.
And the backlog everyone elses.
Or as some call it, “Faux News”.
Economics really isn’t that complicated when you don’t have a vested interest in not understanding it (ie the USD is essentialy a Ponzi scheme at this point).
18 actually, I set the age higher than I was a few years ago when I sighned up because some content was blocked to those under 18…
Well gold is a gold preservative of wealth, so perhaps gold will be traded directly as it used to or hyperinflation will collapse the USA, leaving everyone else to ship it aid and the like…
Now you understand why I don’t pay attention to Fox ‘News.”…..
Like I said — I’m getting my shit together and prepping to leave.
There is no future in this country. Mexicans will take over California and the West and take it back while America becomes Mexico and turns to crime to survive.
I don’t really wanna be kidnapped because I have a decent job.
That’s not a future I see for myself or my family.
If Americans are stupid enough to elect leaders like Bush who get them in this mess — let them dig themselves out of their problems.
None. I don’t know what part of Europe you’re from but I have EU citizenship and in a few years when the Obama/Bush hyperinflation begins….I’m cashing out and hitting the road.
I’m not hanging around here as unemployment shoots up over 20%.
Frankly I don’t hold much loyalty to America anyway. Most of my family in this country are all really old or dead.(most didn’t have children)
So if all else fails I could be joining you in Europe.
Great point about the currency and interest rate risk with the US$. You understand a lot given your age (assuming 23 is correct). As for the pay off? Well, that is not an easy one. For one thing, much gold was purchased while the $ was up. Also, there may be defaults or forgiveness of some debt. Still, I’m thinking we will have high inflation, possibly hyperinflation. The laws of basic economics are at work and we are at their mercy.
Problem is with what currencies were used aswell. If American banks borrowed Deuchmarks or Pounds then converted it USD to loan, then those initial creditors will be expecting payment back in the original currency.
With the USD inflating faster than the Euro, this creates an even larger interest rate as the PPP of the American Consumer collapses with inflation.
This is the sort of thing that would have nations pondering how to reclaim it, such as freezing US soverighn wealth funds ect ect.
Propping up foreighners and their bank accounts so they can pretend to have an econemy while we do all the work…
This is how the world is viewing the USA at the moment – pay your debts as we paid ours back to you. We finished paying you back for our World War 2 loans a few years back, we took 50 years but we did it and propped up your pseudo econemy for decades.
What real jobs does the USA actualy do so it can pay off it’s collossal debts?
ha ha, me neither!
Thank you sir. If all else fails – I’m going to Europe.
Hopefully it won’t be so bad over there.
Good luck to you as well. If there is any good news it is that we are all in this together.
Godspeed.
It’s scary. What’s really bad is these idiot crooks at the banks took the loans and packaged them into asset-backed bonds and sliced them up and sold them all over the world.
The Bush yrs. were insanity defined.
Good luck w/you and your wife. I know a lot of people are very bitter. I, along w/many other people have had to put off dreams for later in life.
I mean I’m going to be 40ish before I ever get to do the things I want to do.(travel, party hard, etc.)
Good luck.
We are the same age and I could not agree more. Back when we were 18, college was expensive enough (~$600/quarter +books+other). But I have wondered for years how the masses pay back their loans. My wife and I are still paying on her loans, but at least she is a Pharmacist and makes enough $ to pay it back. I cannot imagine the wave of defaults that is about to occur (if not already happening!).
Good. It’s going to get nasty because many people literally CAN’T pay off their debt. It has nothing to do with whether they want to or not. Many went to school and majored in stupid shit that has now collapsed as professions(investment bankers, philosophy majors, etc.)
Those people are really up shit creek
I understand.
Don’t take this the wrong way but I’m not going into debt bondage until I’m 40 so some foreigner can live high on the hog off my back.
If you want to prop up foreigners and their bank accounts: be my guest.
I mean you know offense but my decision is an ethical one.