TITLE

Using the Bailout to Address the Residential Mortgage Crisis

AUTHOR(S)

Blumenfeld, Jeffrey

PUB. DATE

October 2008

SOURCE

Bond Buyer;10/20/2008, Vol. 366 Issue 32985, p6

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article discusses the outcome of the bailout legislation enactment and implementations in the U.S. Under the bailout legislation, the Commercial Paper Funding Facility engages on the purchase of short term corporate. Moreover, the equity interests in banks will be purchased by the U.S. Treasury using the Troubled Assist Relief Program funds.

ACCESSION #

34918580

Tags: BAILOUTS (Finance);  INTERNATIONAL economic assistance -- Law & legislation;  BONDS (Finance);  EQUITY stake;  UNITED States. Dept. of the Treasury

 

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