Welcome to Slider's Dugout Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SARMAN who wrote (15189)	2/8/2009 12:46:54 AM
From: AltLar	Read Replies (3) of 50480

Government launching its own lending bank Washington Post article titled: In Geithner's Overhaul, Aggressive Use of All Available Tools Expected washingtonpost.com It is buried at the end of the article. Here are the last couple of paragraphs: ...The Federal Reserve and Treasury will likely announce an expansion of a program that is being created to try to jump-start lending outside the banking system. In November, the agencies launched a program, called the Term Asset-Backed Securities Loan Facility, that will devote $200 billion for credit card, auto, student and small-business loans. Its launch is expected in the coming weeks. The Fed and Treasury are likely to enlarge that program and expand it to support lending for commercial real estate and residential mortgage loans. Geithner could also announce a plan to inject government money into companies known as monoline insurers. These play a vital role in enabling states and municipalities to borrow money. Mortgage-related losses by the insurers has made it harder for states to issue the municipal bonds that would help them ride out the recession without aggressive budget cuts. ...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next