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treasury: Was the bailout ill-conceived? Say it ain't so! - 11/12/08 01:31 PM
My main man Hank Paulson, head of the HPHF, has changed his mind about spending some of the $700 billion that he hopes to soon access. As of today, Paulson has roughly $60 billion left of the initial $350 billion which has been spent buying preferred shares of banks and insurer AIG.
Remember the Troubled Asset Relief Program (TARP)? The initial plan was to buy illiquid/mis-priced mortgage securities in order to get them off the balance sheets of huge companies in order to stabilize the market/economic system. The Treasury is the only entity that could afford to hold them for a … (3 comments)

treasury: Who's gonna fix Fannie and Freddie? - 08/05/08 07:09 PM
The two companies that insure or own almost half of all American mortgages (estimates range from $4.5-6 trillion worth) have been in the news a heckuva lot lately, and usually for lousy reasons. The government has bailed out these companies, in part because many feel they are “too big to fail”, and that if one or the other of these government sponsored enterprises (GSEs) shut down, the effects on the mortgage market and consumer confidence may be too great to recover from, and the U.S. could slide into a deep recession.
News came out today that the U.S. Treasury Department has … (1 comments)

 
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John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR

Ipswich, MA

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