TITLE

Obama bailout program takes shape

AUTHOR(S)
Hoxter, Curtis J.
PUB. DATE
February 2009
SOURCE
Caribbean Business;2/26/2009, Vol. 37 Issue 8, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the core elements included in U.S. President Barack Obama's bailout program which is supported by the Treasury. One element is a new Capital Assistance Program to help ensure U.S. banking institutions have sufficient capital to resist the challenges ahead. Also included are a new Public-Private Investment fund and a new Treasury and Federal Reserve initiative to largely expand the current Term Asset-Backed Securities Lending Facility (TALF).
ACCESSION #
38813705

 

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