Toxic assets are no more. The Geithner Plan is officially a “legacy asset plan”.
Legacy assets sounds so much better than toxic assets.
By contrast Chevron (latest security analysts conference call) has as its first stated goal (in upstream business) to "grow profitably in core areas and build new legacy positions".
Bankers and oilmen leave a different legacy.
I am going to take a legacy position and leave a legacy deposit.
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