Mortgage-backed Securities, Toxic Assets | featured news

New Accounting Rules for Mortgage-Backed Securities

The board that sets U.S. accounting standards voted to adopt guidelines that could reduce the losses banks have been forced to report as the values of their securities have crumbled.

 

Toxic assets cleanup plan unveiled by Obama administration

Toxic assets cleanup plan unveiled by Obama administration

Treasury Secretary Timothy Geithner says government will spend up to $100 billion to join private investors in buying up to $1 trillion in bad sub-prime mortgages, securities and other ailing assets.

The Obama administration today formally unveiled details of its long-awaited plan to help cleanse banks and financial institutions of bad home loans and toxic securities, making a calculated gamble that partnering with private investors to buy the assets will stabilize the crisis while limiting the

 

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