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Effective Valuation Method Of Toxic Assets And Their Influence On Banks’ Financial Statements, Morgan Logue
Effective Valuation Method Of Toxic Assets And Their Influence On Banks’ Financial Statements, Morgan Logue
Undergraduate Theses and Capstone Projects
The crash of the housing market caused risky home loans and mortgage backed securities to be worth almost nothing; this not only drastically decreased national banks’ net income but also devastated the United States’ economy. The United States Treasury Department believes that they have found a $700 billion solution to the United States’ financial crisis. The Public- Private Investment Program (P-PIP), which is a part of the Troubled Asset Relief Program (TARP), plans on clearing toxic assets from national banks’ balance sheets through auctions. Two main concerns that affect the end results of this auction is how to motivate banks …