What Are Toxic Assets?

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The Obama administration on Monday unveiled the latest prong in its plan to help end the worst U.S. banking crisis in 70 years.

It's a private-public initiative to buy up some $500 billion of "toxic assets" that are choking banks and stopping many of them from making new loans.

CBN News Senior Washington Correspondent Paul Strand explains just what makes an asset "toxic."

RELATED STORY:
Geithner Unveils New Bank Rescue Plan

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