Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (01/05/2009)
* WASHINGTON (1/6/09)--The Treasury Friday released the program description for the Targeted Investment Program as required by the Emergency Economic Stabilization Act. The department has already invested $20 billion in Citigroup under the program (Forbes Jan. 2). The objective of the program is to foster financial market stability. Financial institutions will be considered for participation on a case-by-case basis. There is no deadline for participation ... * WASHINGTON (1/6/09)--On Friday, the Treasury released a report stating that it is exploring the use of the Asset Guarantee Program (AGP) to help Citigroup. The Treasury and Citigroup announced Nov. 23 that the Treasury would assume second-loss position after Citigroup on some mortgage-related assets. Under the AGP, the Treasury would assume a loss position on selected assets. It also would collect a premium. Participants’ eligibility would be determined on a case-by-case basis ...


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
5 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
6 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
8 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
9 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
10 hours ago