Proposal to Allow Treasury to Buy Mortgage-Related Assets to Address Financial Instability
Description:
Financial markets underwent severe stress during the week of September 15 - 22, 2008. After Lehman Brothers declared bankruptcy and AIG received a bridge loan from the Federal Reserve, policymakers reassessed their case-by-case approach to resolving financial problems. Secretary of the Treasury Paulson announced a plan to allow Treasury to purchase mortgage-related assets from U.S. financial institutions. The announced intent of the plan is to unclog financial markets, increase the health of th…
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Date:
September 22, 2008
Creator:
Murphy, Edward V. & Webel, Baird
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department