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![]() | It is requested that an image or photograph of Toxic asset be
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Please do not redirect this back to high-yield debt. There is a major distinction between the two. High-yield debt can be legitimate and profitable investment. By definition, toxic assets cannot be, otherwise they wouldn't be called "toxic". Similarly, there is no discussion of the market freeze in the high-yield debt article, since the market freeze is not particularly relevant to a discussion of high-yield debt, but it is included here, since the freeze is central to the concept of toxic assets. 81.152.62.71 ( talk) 08:40, 24 March 2009 (UTC)
I'm surprised the article only traces back the origin of 'toxic' to 2006. I read Richard Thomson's Apocalypse Roulette ( http://www.amazon.co.uk/Apocalypse-Roulette-Richard-Thomson/dp/0330367595) a long time ago, and it mentions toxic assets and toxic waste in various places. Especially in chapter 4 about stripping CMO's into OTC derivates, the last strip, the Z strip was often described as toxic or a biohazard. It describes how the interest rate drop in 1991 changed the interest strips into toxic waste, as less interest income meant only the higher level strips got paid and the last few strips lost their value entirely. — Preceding unsigned comment added by 83.160.72.40 ( talk) 16:55, 31 December 2011 (UTC)
![]() | This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | ||||||||||
|
![]() | It is requested that an image or photograph of Toxic asset be
included in this article to
improve its quality. Please replace this template with a more specific
media request template where possible.
The Free Image Search Tool or Openverse Creative Commons Search may be able to locate suitable images on Flickr and other web sites. |
Please do not redirect this back to high-yield debt. There is a major distinction between the two. High-yield debt can be legitimate and profitable investment. By definition, toxic assets cannot be, otherwise they wouldn't be called "toxic". Similarly, there is no discussion of the market freeze in the high-yield debt article, since the market freeze is not particularly relevant to a discussion of high-yield debt, but it is included here, since the freeze is central to the concept of toxic assets. 81.152.62.71 ( talk) 08:40, 24 March 2009 (UTC)
I'm surprised the article only traces back the origin of 'toxic' to 2006. I read Richard Thomson's Apocalypse Roulette ( http://www.amazon.co.uk/Apocalypse-Roulette-Richard-Thomson/dp/0330367595) a long time ago, and it mentions toxic assets and toxic waste in various places. Especially in chapter 4 about stripping CMO's into OTC derivates, the last strip, the Z strip was often described as toxic or a biohazard. It describes how the interest rate drop in 1991 changed the interest strips into toxic waste, as less interest income meant only the higher level strips got paid and the last few strips lost their value entirely. — Preceding unsigned comment added by 83.160.72.40 ( talk) 16:55, 31 December 2011 (UTC)