TOXIC ASSETS

I am so sick of the press using the term "toxic assets" are they really toxic or are they undervalued (I am asking because I do not know and the press does not know either). For example is land really toxic .... no it is not it is undervalued. Is the automobile industry toxic, I do not think so they just need to figure a lot of crap out..........until America goes with out transportation (and I have not grown wings yet have you and my feet can only take me so far) I can not see the automobile industry going away, so really what are these toxic assets!!!!!

Just to let you know the Rockefeller's made the majority of their money in the Great depression buying up all kinds of "toxic assets."(refer to wikipedia) Especially land and buildings that were undervalued (ever hear of Rockefeller center)!!!

I wish the press would quit using these terms and realize that 10 years from now these "toxic assets" will be assets that everyone will wish they had purchased so cheap!!!!! Just to let you know things I would consider to be a toxic asset: asbestos (no one uses this anymore and if you had a warehouse full of it i really doubt anyone would buy it), opium (actually this would not be toxic you would just be an illegal drug dealer and probably make a lot of money), A cell phone from 1985 (these phones were big and expensive, I doubt if you put them on eBay for 5.99 anyone would buy them), and last but not least phen phen (remember that drug for weight loss in the early 90's it gave people heart attacks however I bet you could sell this crap to idiots that want to lose weight and do not care if they damage their heart). However, do you get what I am saying a toxic asset would be an asset that would never "move" or never be of use to our country again and I think loans, cars, land and all the other crap they are calling toxic are of value they are just having a bad day or a bad year!!!