They are concerned about their ability to deal with the toxic asset issue, this person said. The Fed is trying to take these assets off the financial institutions, but some will come onto the balance sheet. They are afraid it will exacerbate [...]
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The Obama administration yesterday (Wednesday) continued its assault on highly paid Wall Street executives, announcing plans to appoint a “pay czar” to oversee compensation at financial firms receiving Troubled Asset Relief Program (TARP) … (5 out of 5); Why Do Asset Protection ? 1 vote, average: 5 out of 5 (5 out of 5); Still in the loop? [...]
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