# Toxic Assets on The No Agenda Show

Toxic Assets comes up in 5 chapters across 5 episodes of The No Agenda Show, from February 2009 to April 2011.

- **Chapters:** 5
- **Episodes:** 5
- **Discussed:** February 2009 – April 2011
- **Related topics:** [Timothy Geithner](https://search.noagendashow.net/topic/timothy-geithner.md), [Fdic](https://search.noagendashow.net/topic/fdic.md), [Federal Reserve](https://search.noagendashow.net/topic/federal-reserve.md), [Goldman Sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [Banking Industry](https://search.noagendashow.net/topic/banking-industry.md), [Credit Default Swaps](https://search.noagendashow.net/topic/credit-default-swaps.md), [Japan](https://search.noagendashow.net/topic/japan.md), [Libya](https://search.noagendashow.net/topic/libya.md), [Michelle Bachmann](https://search.noagendashow.net/topic/michelle-bachmann.md), [Recovery.gov](https://search.noagendashow.net/topic/recovery-gov.md)

## Chapters 1–5 of 5

### Federal Reserve Secret Document Release and Foreign Loans

- **Episode:** [292: Obama Needs Water](https://search.noagendashow.net/episode/292-obama-needs-water.md)
- **Published:** 2011-04-03
- **Time:** 7:35–9:19
- **Transcript:** https://search.noagendashow.net/episode/292-obama-needs-water/chapter/federal-reserve-secret-document-release-and-foreign-loans.md

The Federal Reserve released 136 megabytes of redacted PDF documents detailing secret lending practices. The records reveal that $3.3 trillion was lent to foreign banks, including a bank partially owned by Libya. The documents also cover the Toxic Asset Relief Program (TARP) and loans to hedge funds managed by former Goldman Sachs executives.

Keywords: [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [libya](https://search.noagendashow.net/topic/libya.md), toxic asset bailout, [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), discount window

### PPIP Banking Scam, Toxic Asset Buybacks

- **Episode:** [99: Dandelion Wine](https://search.noagendashow.net/episode/99-dandelion-wine.md)
- **Published:** 2009-05-28
- **Time:** 1:10:32–1:12:01
- **Transcript:** https://search.noagendashow.net/episode/99-dandelion-wine/chapter/ppip-banking-scam-toxic-asset-buybacks.md

The Wall Street Journal reports that the banking industry is lobbying the FDIC to allow banks to use taxpayer aid to buy back their own toxic assets. The hosts argue this confirms their previous analysis of the Public-Private Investment Program (PPIP) as a scam. They claim the program allows banks to clear their books while the taxpayer assumes 80% of the risk with little upside.

Keywords: ppip, [fdic](https://search.noagendashow.net/topic/fdic.md), [wall street journal](https://search.noagendashow.net/topic/wall-street-journal.md), [toxic assets](https://search.noagendashow.net/topic/toxic-assets.md), taxpayer bailout, [banking industry](https://search.noagendashow.net/topic/banking-industry.md), [recovery.gov](https://search.noagendashow.net/topic/recovery-gov.md)

### Geithner Public-Private Investment Plan and Toxic Assets

- **Episode:** [84: Jobs Justice and Climate](https://search.noagendashow.net/episode/84-jobs-justice-and-climate.md)
- **Published:** 2009-03-29
- **Time:** 32:53–38:16
- **Transcript:** https://search.noagendashow.net/episode/84-jobs-justice-and-climate/chapter/geithner-public-private-investment-plan-and-toxic-assets.md

Secretary Timothy Geithner's plan to address toxic assets is analyzed as a massive transfer of risk to the taxpayer. The plan allows private entities to purchase assets with only 7% of their own capital, while the Federal Reserve and Treasury guarantee the remaining 93%, potentially exposing taxpayers to trillions in losses.

Keywords: [timothy geithner](https://search.noagendashow.net/topic/timothy-geithner.md), [toxic assets](https://search.noagendashow.net/topic/toxic-assets.md), [treasury](https://search.noagendashow.net/topic/treasury.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), public-private investment plan

### Public-Private Investment Program, Geithner's Toxic Asset Plan, and Congressional Silence

- **Episode:** [83: One Too Many Clips](https://search.noagendashow.net/episode/83-one-too-many-clips.md)
- **Published:** 2009-03-25
- **Time:** 1:00:01–1:03:18
- **Transcript:** https://search.noagendashow.net/episode/83-one-too-many-clips/chapter/public-private-investment-program-geithner-s-toxic-asset-plan-and-congressional-silence.md

Secretary Geithner's new Public-Private Investment Program (PPIP) is criticized as a "scam" that uses taxpayer funds to guarantee 90-95% of private investments in bad assets. During a hearing, Michelle Bachmann was cut off by the committee chair while asking if the American people would receive a proportional share of the benefits. The hosts argue the plan effectively bankrolls private profits with public risk.

Keywords: ppip, [toxic assets](https://search.noagendashow.net/topic/toxic-assets.md), [fdic](https://search.noagendashow.net/topic/fdic.md), [timothy geithner](https://search.noagendashow.net/topic/timothy-geithner.md), [michelle bachmann](https://search.noagendashow.net/topic/michelle-bachmann.md), [taxpayers](https://search.noagendashow.net/topic/taxpayers.md)

### Credit Default Swaps, Toxic Assets and Japan's Economy

- **Episode:** [72: Obama Denver & the New World Order](https://search.noagendashow.net/episode/72-obama-denver-the-new-world-order.md)
- **Published:** 2009-02-15
- **Time:** 28:38–31:51
- **Transcript:** https://search.noagendashow.net/episode/72-obama-denver-the-new-world-order/chapter/credit-default-swaps-toxic-assets-and-japan-s-economy.md

The total value of credit default swaps and toxic assets is estimated to be between 30 trillion and one quadrillion dollars, a scale that prevents Treasury Secretary Timothy Geithner from being transparent about bank solvency. The situation is compared to Japan's "lost decade," where the government failed to deal with toxic assets for 20 years.

Keywords: [credit default swaps](https://search.noagendashow.net/topic/credit-default-swaps.md), [toxic assets](https://search.noagendashow.net/topic/toxic-assets.md), [timothy geithner](https://search.noagendashow.net/topic/timothy-geithner.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), [japan](https://search.noagendashow.net/topic/japan.md)

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