Definition of "toxic assets"

Submitted by Ironman on Sun, 03/22/2009 - 10:15

toxic asset (noun) :

(1) a debt that is unlikely to be recovered by a lender (as a bank)

"My portfolio is full of toxic assets"

(2) Politicians responsible for the financial system bailout: i.e. Chris Dodd and Tim Geithner

Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn...

Average:

Your rating: None

Comments

Submitted by Ironman on Sun, 03/22/2009 - 12:15.

these are the original "Toxic Twins"

Of course, our politicians in Washington are giving us "the same old story, the same old song and dance" as they proceed to bankrupt America

I think it's high time we "draw the line" with these guys.