Treasury Releases Emergency Economic Stabilization Report
Emergency Economic Stabilization Act.
(EMAILWIRE.COM, January 03, 2009 ) Washington – Treasury today released the attached report, required by section 102 of the Emergency Economic Stabilization Act. As required by section 102(a), Treasury established the Asset Guarantee Program to provide guarantees for assets held by systemically significant financial institutions that face a high risk of losing market confidence due in large part to a portfolio of distressed or illiquid assets.
This program would be utilized as needed to improve market confidence in a systemically significant institution and in financial markets broadly and it is not anticipated that the program will be made widely available
Report:
http://www.treas.gov/press/releases/reports/0010208%20sect%20102.pdf
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This program would be utilized as needed to improve market confidence in a systemically significant institution and in financial markets broadly and it is not anticipated that the program will be made widely available
Report:
http://www.treas.gov/press/releases/reports/0010208%20sect%20102.pdf
###
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution for $99/month, go to http://www.emailwire.com
Contact Information:
U.S. Department of the Treasury
U.S. Department of the Treasury
Tel: (202) 622-2000
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
U.S. Department of the Treasury
U.S. Department of the Treasury
Tel: (202) 622-2000
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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