We all recall the Treasury Department’s announcement back in April regarding the creation of the Legacy Loan and Legacy Securities Programs under the general rubric of the "Public-Private Investment Programs" (PPIP). The Treasury’s message had two very specific announcements with a set of frequently asked questions regarding efforts to "discover a market" by implementing these two… Continue Reading
Tag Archives: Stress Test
Release of the “Stress Test”: Will it Relieve the Stress?
Posted in Good Times for Lenders, Market Trends, Tough Times for LendersWe’ve now had a few weeks to review and react to the release by the Board of Governors of the Federal Reserve Systems stress test. See The Supervisory Capital Assessment Program: Overview of Results, dated May 7, 2009. The Fed goes out of its way to state what the stress test IS, and what it is… Continue Reading