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Article: NPL Auction Market Going Nowhere Fast.(Inside Take)
- Article from:
- National Mortgage News
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Paul Muolo
A little more than a year ago then-Treasury secretary Henry Paulson went hat in hand to Capitol Hill, imploring legislators to pass a $700 billion bailout bill - money that would be used by the government to buy delinquent mortgages from hundreds of failed banks, thrifts and Wall Street firms. He told legislators - and the public at large - that our financial firms had a major "clogged artery" and that if it weren't unclogged fast the patient (our financial system) would have a heart attack.
Of course, he planned on using some of that money to have Uncle Sam buy little old "ownership stakes" in certain banks - to send a message to the ...
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Article: NPAs come down in absolute terms:FM.
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...NPAs come down in absolute terms:FM New Delhi ... The amount of non-performing assets (NPAs) of public sector banks have come down in ... today. "I want to dispel the impression that NPAs are rising. NPAs are not mounting. Both ...
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