Tagged: toxic assets

Next step for TARP-assisted banks

School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says CEOs of TARP-assisted banks must start clearing their toxic assets or get out. “Asked (Sunday) whether the government would force banks to sell their toxic assets and begin lending […]

Geithner vs. Krugman

School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says the onging debate between Treasury Secretary Timothy Geithner and columnist and Nobel winner Paul Krugman is revealing. “The Geithner vs. Krugman debate is interesting.  At least we can be confident that Krugman hopes Geithner suceeds, unlike others with […]

Public/private partnerships to buy toxic assets

School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Overseers, says Treasury’s plan to buy up toxic bank assets is thin on inducements for private investors to get involved. “It appears that the plan is going to be very heavy on […]