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It's Worth the Trouble to Value Toxic Assets

Citation

Publication Date: 
August 01, 2009
Format: 
Op-Ed or News Article
Bibliography: Ken Scott and John Taylor, It's Worth the Trouble to Value Toxic Assets, Wall Street Journal, August 1, 2009, pg. A10.

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The letters (July 27) on our July 20 op-ed on the complexity and pricing difficulty of toxic assets raise practical issues. Much of the information about the underlying individual mortgage loans is possessed by the trustee of each original mortgage pool, and some of it is collected by a number of private firms for sale to investors. The first step is to assemble as much as possible in a central database with much broader coverage.