AAA Subprime MBS is a Likely Target for TARP Purchases
October 10, 2008
The federal government’s Troubled Asset Relief Program is likely to begin purchasing subprime mortgages within two months, according to analysts. President Bush signed the Emergency Economic Stabilization Act last week after a 75-24 vote by the Senate and a 263-171 vote by the House. The Treasury Department this week began hurriedly putting together the apparatus to...