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08-04-2014- Marketplace- Portugal Spins Off Bad Assets

Monday, August 04, 2014

Portugal is dealing with the thorny issue of the near collapse of the Banco Espirito Santo by using the not-so-new solution of spinning off the bad assets in the bank. It's called a good bank-bad bank strategy, and we last saw it used during the financial crisis. We investigate. Plus, the Mayor of Toledo, Ohio, says resident can drink tap water again...if they want to. But with algae blooms increasingly common in Lake Erie, what does the future hold for the water supply for Toledo and many other cities?

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