Real estate blog entries tagged with toxic assets by Prudential California Realty/Gem Mortgage

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Home : Blogs : Kirk Mulhearn : Kirk Mulhearn's Blog : Tag "toxic assets"

toxic assets: The Long Beach Mortgage Report: Bad Bad Bad Bank; plus Fed Embraces Loan Mods - 01/28/09 11:52 AM

Long Beach, Ca. Well, if we could just isolate all the bad prisoners and put them in a place that has high walls, surrounded by machine guns and moats, extra guards with tear gas we just might be safe....in the current financial world and credit crisis, that high security prison would be the new, BAD BANK. I really like that name, it sounds cool and dangerous. And who do you think would be the CEO, Shaft? Just kidding.
President Obama may appoint the FDIC to run a "Bad Bank" which will buy the toxic assets that are clogging up bank balance sheets, in … (0 comments)

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Kirk Mulhearn

Long Beach, CA

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