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NEWS ABOUT: bad bank

White House Weighs 'Bad Bank' Fix for Fannie, Freddie

(Newser) - The White House’s National Economic Council will meet today to discuss a drastic overhaul of beleaguered nationalized mortgage dealers Fannie Mae and Freddie Mac, the Washington Post reports. Among other proposals, officials are contemplating a “good bank, bad bank” split. Fannie and Freddie would dump their troubled loans... More »

Investment Funds May Replace 'Bad Bank'

Administration eyes creation of private funds to suck up toxic debt

(Newser) - The Obama administration is considering creating multiple investment funds to buy up the toxic debts at the heart of the financial crisis, insiders tell the Wall Street Journal. No fixed structure has been agreed upon, but under one leading plan the funds would be administered by private investment managers who... More »

Team Obama Mulls 2-Part Bank Bailout

Plan would have feds buy up some toxic assets, insure others

(Newser) - The bank stabilization plan the White House is cooking up may mix two competing strategies, the Wall Street Journal reports, setting up a “bad bank” to buy portions of banks’ toxic assets while offering guarantees against future losses on part of the remainder. The goal is to bolster banks... More »

Sweden's Advice on US Banks: Be Wise, Nationalize

Taxpayers eventually benefited from early '90s move to recapitalize busted system

(Newser) - One option to save US banks: follow Sweden’s lead and nationalize them. Sweden’s banks were essentially bankrupt in the early 1990s, but a center-right government took them over, and taxpayers ultimately reaped the benefits, the New York Times reports. Troubled assets were isolated into a single “bad... More »

Obama Team Warns: No Magic Wand for Banks

Geithner will testify without a plan, take time to get it right

(Newser) - While the world watched Barack Obama take the oath of office yesterday, on Wall Street shares in the big banks plummeted as much as 29% as the markets took the worst pounding in inaugural history. Yet when Tim Geithner appears before a Senate committee today, the incoming Treasury secretary will... More »

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