0 a financial asset (= something a person or company owns) whose price has fallen by a large amount and that cannot be easily sold
Several factors contributed to the freezing of toxic asset markets.
He stated that toxic asset purchases represents ersatz capitalism, meaning gains are privatized while losses are socialized.
Perhaps this is also the time to ask: what are the toxic assets and what are the obstacles to our peacemaking, our raison d'être?
We are talking about the toxic assets of banks and how we have to clear them.
I wanted to make the point that it is too early to say who will go bankrupt, because nobody knows who the end-investors in the toxic assets are.
When the market for toxic assets ceases to function, it is described as frozen.
Therefore, such banks will only sell toxic assets at above market prices.
He intended to direct $50 billion towards foreclosure mitigation and use the rest to help fund private investors to buy toxic assets from banks.
