I still have doubts about plan put forth by Treasury Department

Neugebauer, Randy
March 2009
Graham Leader;3/25/2009, Vol. 133 Issue 65, p8B
The article presents the author's insight regarding the plan of the U.S. Department of the Treasury to collaborate with the private sector and spend $100 billion of the remaining financial bailout funds to help problem assets of financial institutions in the U.S. The author points out that the Treasury's move to purchase bad assets from banks and other financial institutions indicates too many risks to the taxpayers. He questions about how such assets will be valued and priced in the market.


Related Articles

  • Money Market Fund Bailout Update; First Look: New Asset-Backed Commercial Paper Liquidity Facility.  // Venulex Legal Summaries;2008 Q3, following p3 

    The article provides information on the Temporary Money Market Guaranty Plan proposed by the U.S. Department of Treasury as response to the credit crisis. All money market mutual funds regulated under the Rule 2a-7 of the Investment Company Act of 1940 and those registered with the Securities...

  • P-C Insurers To Pass On Federal Bailout Funds, But Life Insurers Eager To Sign On. Postal, Arthur D. // National Underwriter / P&C;11/3/2008, Vol. 112 Issue 41, p6 

    The article reports on the conflicting stands of the life and property-casualty (p-c) insurance industry to accept the $700 billion federal bailout program in the U.S. The American Council of Life Insurers welcomes the move and appreciates the effort of the Treasury Department to help the...

  • Lawmakers Aim to Entice Bailout Holdouts. Hopkins, Cheyenne // Bond Buyer;10/1/2008, Vol. 366 Issue 32973, p1 

    The article reports on the consideration of legislators to extend the U.S. Treasury Department's $50 billion temporary federal guaranty program for money market mutual funds. The offered changes are aimed to convince at least 12 of the House Republicans who voted against the bailout bill to...

  • Citigroup: too leveraged to fail?  // MarketWatch: Financial Services;Jan2009, Vol. 8 Issue 1, p6 

    The article offers information on the assistance accorded by the government to Citigroup in the U.S. Even though the company is considered the biggest company worldwide, it is no longer self sustainable, thus the government pledges an enormous amount of money to rescue the company. The U.S....

  • If CAP Fits, Mich. Bank May Wear It. Barba, Robert // American Banker;6/29/2009, Vol. 174 Issue 123, p1 

    The article reports that Citizens Republic Bancorp Inc. of Flint, Michigan plans to use one U.S. Treasury Department assistance program to finance its obligations under another such program. The company plans to borrow $290 million from the Capital Assistance Program (CAP) and use the money to...

  • Senate Gives Bailout Bill Green Light.  // Investment Dealers' Digest;10/6/2008, Vol. 74 Issue 38, p16 

    The article reports on the approval of the U.S. Senate on the bailout bill, which is designed to stabilize the financial markets in the country. The point of the bill is to let the Treasury Department purchase and hold up to $700 billion in troubled assets from banks and other financial...

  • Financing Firm Free to Roam as GM Ends Its Long-Time Exclusive Ties with GMAC. Gordon, Mac // Ward's Dealer Business;Feb2009, Vol. 43 Issue 2, p22 

    The article reports that General Motors Corp. (GM) has ended its exclusive ties with GMAC LLC as a condition of the bailout loans extended by the U.S. Treasury Department. As part of the condition, GM can access third-party lenders in addition to GMAC while freeing the once-captive lender from...

  • Bailout Advances, Support Not Guaranteed. ACKERMAN, ANDREW // Bond Buyer;9/26/2008, Vol. 365 Issue 32970, p1 

    The article focuses on the U.S. government's tentative agreement on the $700 billion bailout proposed by the Treasury Department. Some Republicans made it clear that they remained opposed to it. It is also unclear if supporters will be able to get enough Republican support for the pact. Senate...

  • Bailout Fever: Rush To Judgment. Isaac, William M. // Investment Dealers' Digest;10/6/2008, Vol. 74 Issue 38, p3 

    The article reports that the Congressional leaders are limiting to enact the $700 billion real estate loan purchase from Wall Street, which was proposed by the U.S. Department of Treasury. It notes that depositors are getting intense, in reaction to the failure of IndyMac Corp., in which...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics