Sunday, March 22, 2009

Worldview Word of the Week

TOXIC ASSET

We haven't had a word of the week in a long time. So this week our word is actually 2 words! I considered calling this the "term" of the week, but that just sounds lame, and confusing.

AND, because there are boatloads of folks who know tons about Toxic Assets, we are going to engage in a process called "punting." Punting means giving up on doing a job yourself and leave it for others to deal with. And it's going to work great here. So here is intrepid reporter Paddy Hirsch with a pretty good report on what a toxic asset is.
video

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