Third Time's the Charm For Toxic Asset Solution

Borod, Ronald S.
November 2009
American Banker;11/6/2009, Vol. 174 Issue F313, p8
Trade Publication
The article refers to a report from the U.S. Congressional Oversight Panel which suggests that toxic assets continue to be a problem for banks that have losses from their commercial real estate loan portfolios. The failure of Colonial Bank is mentioned as a sign that a banking crisis continues as of November 2009. The Troubled Asset Relief Program, the Legacy Loans Program, and the Distressed Asset Restructuring Trust are mentioned.


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