TITLE

US Plan Takes On Toxic Assets

AUTHOR(S)
Collins, Brian
PUB. DATE
March 2009
SOURCE
National Mortgage News;3/30/2009, Vol. 33 Issue 26, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a plan of U.S. President Barack Obama's administration to give financial institutions an option to unload bad mortgage assets at prices determined by private investors with government backing. It is noted that the investors who are willing to partner with the federal government will receive low-cost financing to acquire almost $1 trillion in real estate loans and mortgage-backed securities. A 50% of the capital for the investment funds was put by the government.
ACCESSION #
37301424

 

Related Articles

  • Intransigence.  // National Mortgage News;2/9/2009, Vol. 33 Issue 19, p4 

    The author reflects on the implications of congressional intransigence on the economic stimulus package in the U.S. The author asserts that the administration of President Barack Obama should utilize the congressional intransigence to retool the stimulus package. The author suggests that the...

  • Can Presidents Be Managers? Posner, Paul L.; Radin, Beryl A. // Government Executive;12/4/2014, p1 

    The article informs that U.S. president Barack Obama has stated that management of the federal government would take top priority during the remainder of his administration. Topics discussed include passage of various reforms including national health reform, financial regulatory reforms and...

  • Of Bailouts and BOGOs. Thayer, Warren // Refrigerated & Frozen Foods Retailer;Jan/Feb2009, Vol. 7 Issue 1, p4 

    The author reflects on the federal bailouts of President Barrack Obama's administration. The author claims that the administration has already announced it $100 billion assistance given to the supermarket industry across the U.S. Wal-Mart Stores Inc., club stores, and dollar stores are...

  • 2009 Agenda Links Economic Stimulus and Health Care Reform. Calcagno, Alex // BusinessWest;3/16/2009, Vol. 25 Issue 22, p12 

    In this article, the author discusses the significance of the 2009 agenda of the administration of U.S. President Barack Obama for economic stimulus and health care reform in Massachusetts. He notes that the proposal of the Senate Finance Committee and the stated healthcare positions of Obama...

  • Obama's economic-recovery plan raises big expectations. Hoxter, Curtis J. // Caribbean Business;1/15/2009, Vol. 37 Issue 2, p10 

    The article offers information on the economic-recovery plan of the U.S. President-elect Barack Obama in January 2009. Observers suggest that the economic-recovery plan of Obama is developing into a stimulus bill so big that it is probably to go where no such government efforts have ever gone...

  • Calm Down, America. Marcel, Joyce // Progressive Populist;6/1/2009, Vol. 15 Issue 10, p5 

    The author relates on the developments made by President Barack Obama since the start of his term in office as president of the U.S. She asserts that Obama has done smart things, including the restoration of shrinking financial system and infrastructure projects. According to the author, the...

  • The Born-Again Populist. Walsh, Kenneth T. // U.S. News Digital Weekly;1/22/2010, Vol. 2 Issue 3, p8 

    The author discusses about the public reception of the efforts by the administration of U.S. President Barack Obama in dealing with special interest groups. The author mentions that Obama has done populist actions including expressing his anger towards the banks and financial institutions on...

  • White House Upbeat on Fiscal Cliff Deal.  // Moderate Voice;11/26/2012, p12 

    The article reports on the plan of U.S. President Barack Obama regarding a deal that will prevent the fiscal cliff that threatens to send the world's economy going back into recession.

  • THE OBAMA POSTMORTEM. Rall, Ted // Boise Weekly;11/10/2010, Vol. 19 Issue 20, p7 

    In this article the author discusses several failures of the administration of U.S. President Barack Obama in terms of addressing the needs of the American people.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics