Banks and TARP, plus FDIC on Toxic Loans
Banks and TARP:
Should Healthy Banks Give Back Their TARP Funds? by Felix Salmon - ... Rick Newman, for one, thinks so. But even he is alive to the downside, as explained by Andrew Ross Sorkin: - ...
If Goldman succeeds in returning our money, it could put pressure on other banks to give their money back, too, lest they appear weak... ... -
Portfolio.com
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What's Left of TARP? Treasury Stays Mum - MAYA JACKSON RANDALL and MICHAEL R. CRITTENDEN - ... Based on Dow Jones Newswires' reporting and calculations, it appears that Treasury
has, at most, $52.6 billion left in its rescue fund. That would mean about 92% is already committed. ... -
Wall Street Journal
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Housingwire says B of A wants to repay TARP, yet
Moody's downgrades them - saying they need more gov't money. Go figure.
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FDIC:
FDIC Seeks Comment on the Recently Announced Legacy Loans Program - FDIC.gov
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Taxing times for the FDIC - The toxic-asset plan hands new duties to an agency that, thanks to soaring bank failures, already has its hands full. - By Colin Barr -
CNNMoney.com
Tags: Mortgage Market
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