Treasury Plans Support for Non-Mortgage ABS Market With TARP, Fed Facility
November 14, 2008
Most MBS and ABS observers figure the non-mortgage ABS market has held up remarkably well compared to a mortgage-securities market that now relies exclusively on government-supported securitization programs. But it doesn’t look good enough to the Treasury Department. Treasury Secretary Henry Paulson this week said restoring liquidity to the non-mortgage consumer finance sector...