Securities Market Hopeful, But Cautious About TARP Potential to Boost Liquidity
October 31, 2008
While the Treasury Department continues to find new uses for its massive $700 billion expense account to revive U.S. financial markets, industry experts are hopeful that the government will eventually restore a long-needed shot of liquidity into the MBS market. With an unusually sparse legislative history and an emergency response mentality among its managers, the Troubled...