Toxic Assets May Need More Support: Watchdog
The underlying problem of troubled assets on banks' balance sheets still remains unresolved, according to a new report by the Congressional Oversight Panel. Harvard professor Elizabeth Warren, the panel's chair, discusses the report.
The panel said in its latest monthly report that toxic loans and securities continue to pose a threat to the financial system, particularly for smaller banks that face mounting losses on commercial real estate loans.
Posted on August 11, 2009
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