TITLE

Treasury Rejects Direct Aid to Insurers

AUTHOR(S)
Ackerman, Andrew; Herman, Jack; Temple-West, Patrick
PUB. DATE
February 2009
SOURCE
Bond Buyer;2/11/2009, Vol. 367 Issue 33060, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the rejection of the U.S. Treasury Department to provide assistance to monoline bond insurers as part of their economic recovery programs. The rejection of any aid to the bond insurance came during a background briefing following Treasury Secretary Timothy Geithner's outlining of a retooled bank bailout plan that calls for up to $2 trillion in assistance from the Treasury, including the establishment of a transparent financial stability trust.
ACCESSION #
36615247

 

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