Citation

Publication Date: 2009-07-20
Format: Op-Ed or News Article
Bibliography: Kenneth E. Scott and John B. Taylor, Why Toxic Assets Are So Hard to Clean Up, Wall Street Journal, July 20, 2009, pg. A13.

More

Despite trillions of dollars of new government programs, one of the original causes of the financial crisis -- the toxic assets on bank balance sheets -- still persists and remains a serious impediment to economic recovery. Why are these toxic assets so difficult to deal with? We believe their sheer complexity is the core problem and that only increased transparency will unleash the market mechanisms needed to clean them up.

Other publications by this author

View All

• Resolution of Failed Financial Institutions
  2011-04-25
• A Guide to the Resolution of Failed Financial Institutions: Dodd-Frank Title II and Proposed Chapter 14
  2011-04-25
• The Monumental Task Assigned to the Fed
  2010-09-13
• Dodd-Frank: Resolution or Expropriation?
  2010-08-25
• The Financial Crisis: Causes and Lessons
  2010-08-06
• The Role of Corporate Governance in Coping with Risk and Unknowns
  2010-07-01
• Peoples Bank of Athens
  2010-04-05
• Ending Government Bailouts as We Know Them
  2010-03-15
• Evaluating Failure Resolution Plans
  2010-03-01
• The Financial Crisis: Causes and Lessons
  2010-03-01