2020 Bailouts vs 2008 Financial Crisis Bailout Tracker, TARP, AIG, TBTF

Can 2020 Top 2008? The government provided money to hundreds of banks and a handful of insurers and automakers in 2008 as part of the $700 billion Troubled Asset Relief Program. Can they out-do themselves in 2020? We are about to find out… Troubled ASSET RELIEF PROGRAM Financial rescue plan aimed at restoring liquidity to … Read more

Fed Enlists BlackRock In Its Massive MBS Debt-Buying Program

“The New York Fed plans to buy about $50 billion of agency mortgage-backed securities — every day this week.” Fed Enlists BlackRock In Its Massive Debt-Buying Programs (Bloomberg) — The Federal Reserve tapped BlackRock Inc. to shepherd several debt-buying programs on behalf of the U.S. central bank as it works to revive an economy reeling … Read more