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Toxic Paper.

Authors :
De Soto, Hernando
Source :
Newsweek (Atlantic Edition); 3/2/2009 (Atlantic Edition), Vol. 153 Issue 9, p46-48, 3p, 2 Color Photographs
Publication Year :
2009

Abstract

The article discusses written financial instruments, likened to "toxic paper," that are at the root of misunderstanding and mistrust of U.S. financial markets and institutions. It points to the need for U.S. President Barack Obama and U.S. treasury Secretary Timothy Geithner to restore trust in such paper instruments. The article suggests that all mortgages, bonds, and derivatives should be defined, standardized, and recorded like other property documents to understand their value.

Details

Language :
English
ISSN :
01637053
Volume :
153
Issue :
9
Database :
Supplemental Index
Journal :
Newsweek (Atlantic Edition)
Publication Type :
Periodical
Accession number :
36792584