calculatedriskblog.com - 2/6/2009
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From the WSJ: Bailout Talks Turn to More Equity Stakes The Obama administration's financial-rescue plan is shaping up to include capital injections with tougher terms than the first round and an expansion of an existing Federal Reserve lending facility that could potentially buy up toxic assets ...
online.wsj.com - 2/6/2009
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online.wsj.com —
[Bailout Talks Turn to More Equity Stakes] Getty
Images The Obama administration's financial-rescue plan is shaping up
to include capital injections with tougher terms than the first round.
(more)
Bailout Talks Turn to More Equity Stakes
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The WSJ has some real morons on its payroll
self-evident —
Bailout Talks Turn to More Equity Stakes (via Calculated Risk)
This may be the worst article I have ever read in the WSJ.
To deal with the toxic assets at the heart of the financial crisis, the administration is considering expanding the Fed’s consumer-lending facility, known as the Term Asset-Backed-Securities Loan Facility… The Obama administration is discussing expanding the TALF to provide financing for other older assets, such as mortgage-backed securities.
Great! Um, no, wait a minute. The Fed is not ...
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