Mortgage-backed Securities, Bank Bailout | featured news

Despite TARP Repayments, Banks Are Still Sustained By Government Money

Despite the massive repayments of TARP money coming from our biggest banks, the financial system is still very much dependent on the rescue operations of the government.

Perhaps the best illustration of this is the massive balance sheet of the Federal Reserve, which has inflated by purchases of $1.058 Trillion of mortgage backed securities.

 

U.S. to lay out plan to sop up bad mortgage assets

U.S. Treasury Secretary Timothy Geithner will lay out a bank-rescue plan on Tuesday that will rely on public and private funds to take $500 billion of bad assets off banks' books, sources said.

 

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