Geithner’s $3 Trillion To The “Securitization Market”

11Feb09

Welcome to TARP as it is intended, or at least that is the story:

“Treasury Secretary Timothy Geithner announced plans that would make available $3 trillion dollars to the student, commercial mortgage, credit cards, SBA and auto loan securitization markets. This is part of Geithner speech to outline the use of the rest of the $350 billion Troubled Asset Relief Program (TARP) money.”

Opening paragraph of the story here:

http://www.structuredfinancenews.com/news/190065-1.html

No need for commentary for this one, hahaha

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