TOXIC ASSET INVESTMENT FUND NEWS

Citigroup shares: No longer toxic? (CNN Money)

FundManager — Tue, 09 Mar 2010 09:39:41 +0000

Yes, Citigroup lost billions in the financial crisis. And yes, it’s still swimming in toxic assets. But Bruce Berkowitz argues the worst is over.

Stock market investors claw their way back (San Francisco Chronicle)

FundManager — Tue, 09 Mar 2010 08:40:39 +0000

Investors who had the guts to invest in U.S. stocks one year ago today are feeling pretty smug now. As well they should. Unless things take another major turn for the worse, March 9, 2009, will mark the bottom of one of the worst bear markets in history. The… Market trend - Stock market - Business - United States - Stocks and Bonds

Another View: The Best Way to Protect Borrowers (New York Times)

FundManager — Mon, 08 Mar 2010 14:11:07 +0000

Patricia A. McCoy, a law professor at the University of Connecticut, makes the case for setting up an independent Consumer Financial Protection Agency.

The real business of politics (Sunday Business Post)

FundManager — Sun, 07 Mar 2010 18:10:38 +0000

The circus of the recent resignations, the strange plans in the Green Party for the rotation of ministerial jobs and the on-again, off-again reshuffle has distracted political attention from a much more important issue that looms before the government: the messy, expensive and politically toxic job of fixing the country’s banks.

Letters to the Editor for March 7 (The Olympian)

FundManager — Sun, 07 Mar 2010 17:16:07 +0000

• Police find plenty of fish in barrel • Port commissioners give away asset • Wait for facts before judging Hyer • Ballpark owners agreed to remove signs

Letters to the Editor for March 7 (The Olympian)

FundManager — Sun, 07 Mar 2010 17:16:07 +0000

• Police find plenty of fish in barrel • Port commissioners give away asset • Wait for facts before judging Hyer • Ballpark owners agreed to remove signs

Letters to the Editor for March 4 (The Olympian)

FundManager — Sun, 07 Mar 2010 09:56:43 +0000

• Police find plenty of fish in barrel • Port commissioners give away asset • Wait for facts before judging Hyer • Ballpark owners agreed to remove signs

Recovering Northern Rock draws interest of cash-rich Chinese banks (Scotland on Sunday)

FundManager — Sun, 07 Mar 2010 00:16:02 +0000

CASH-RICH Chinese banks are thought to be eyeing a bid for Northern Rock as figures this week confirm it as an increasingly attractive target.

We can learn some lessons from George Bailey’s morality tale (Independent)

FundManager — Sun, 07 Mar 2010 00:14:36 +0000

Much as the British are treated to The Sound of Music on television every Christmas, we Americans get It’s a Wonderful Life. It stars the American icon and all-round good guy Jimmy Stewart playing George Bailey, a dedicated, honest banker. George’s bank faces a run based on a rumour – spread by the movie’s bad guy – that his bank is insolvent.

British bank privatization? Yes, but not yet. (The Christian Science Monitor)

FundManager — Sat, 06 Mar 2010 09:21:01 +0000

Contrary to reports, the British government would raise nowhere near £70 billion by selling its stakes in banks.