Mar 22nd, 2009 - Bloomberg
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March 23 (Bloomberg) -- The Obama administration willannounce details of a plan today to expand the $700 billionrescue of the financial system that will rely on enticingprivate investors to buy the troubled assets clogging banks’balance sheets.
Related stories:
Obama Picks Deputy, Undersecretary to Flesh Out Treasury Ranks
Mar 24th, 2009 - Bloomberg
March 24 (Bloomberg) -- President Barack Obama moved toflesh out the top ranks of the U.S. Treasury with new nomineesafter some early candidates dropped out of contention...
Inside IndyMac's Nationalization: A Case Study
Mar 24th, 2009 - The Huffington Post
When the federal government first took over IndyMac Bank in July, it estimated that it would cost between four and eight billion dollars to seize it, break it up and sell it back into the market. Late on Thursday...
Stocks in Europe, Asia Advance; US Index Futures Retreat
Mar 24th, 2009 - Bloomberg
March 24 (Bloomberg) -- Stocks in Europe and Asia rose,sending the MSCI World Index to a one-month high, on speculationthat the Obama administration’s plan to rid banks of toxicassets will revive growth...
Fink Says BlackRock to Take Part in Geithner’s Toxic-Asset Plan
Mar 23rd, 2009 - Bloomberg
March 23 (Bloomberg) -- Laurence Fink said BlackRock Inc.,the biggest publicly traded U.S. asset manager, will participatein the U.S. Treasury’s programs to purchase troubled securitiesfrom banks.
US Considers Expanding TALF to Include Distressed Assets
Mar 18th, 2009 - Bloomberg
March 18 (Bloomberg) -- The Obama administration isconsidering using a new Federal Reserve program designed to spurconsumer lending to help remove distressed assets from banks’balance sheets...
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