A while back I blogged about NPR’s pet toxic asset that they bought to learn about its life and death. Now an update: their poor asset, a Countrywide MBS named Toxie, is almost dead (waaay too cute name voted by NPR readers, narrowly chosen over the excellent Kenny leading me to believe that too few NPR readers have any knowledge of early South Park). Toxie started life worth, $75,000. NPR purchased it for $1000 in January 2010. And for the $1000 NPR is projecting it will get about $450-$500.
- @AmericanAir thanks - I just want to be SAFE and this is a violation of safety rules and endangers the passengers in the row. 1 week ago
- @AmericanAir @American that suitcase slides out every time the plane banks and hits us in the legs, blocking aisle access in an emergency 1 week ago
- AIG amusing diversions bailout bank regulation Bernanke CDS derivatives Dodd-Frank Act Euro Debt Crisis FDIC Fed Finance & the Public Interest financial crisis Financial Crisis Inquiry Commission financial reform Goldman Sachs GSEs Lehman Brothers MBS mortgages pensions public finance recession regulation SEC securitization TARP too big to fail Treasury Uncategorized