[PDF] Emergency Economic Stabilization Act And Current Financial Turmoil eBook

Author : Baird Webel
Publisher : DIANE Publishing
Page : 32 pages
File Size : 48,23 MB
Release : 2011
Category : Business & Economics
ISBN : 1437939694

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This is a print on demand edition of a hard to find publication. Contents: (1) Intro.; (2) Troubled Assets Relief Program (TARP): Provisions of TARP: Asset Purchase; Asset Insur.; Program Size; Private Equity and Debt Considerations; Oversight Provisions; Assistance to Homeowners; Exec. Compensation; Mark-to-Market Accounting; Increase in Deposit Insur.; Treasury Actions Since Enactment; Asset Purchase and Insur.; Preferred Share Purchase; Homeowners¿ Assistance; Auto Mfrs.; Consumer Asset-Backed Securities; (3) Potential Causes of Financial Instability; (4) Sources of Current Market Turmoil; Mortgage Defaults, and Asset Prices; Liquidity and Uncertainty; Capital Adequacy and Leverage; (5) Evidence of the Real Effects of Financial Market Turmoil; Tightening Credit Markets. Illus.

Author :
Publisher :
Page : 0 pages
File Size : 37,89 MB
Release : 2008
Category :
ISBN :

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In addition to the mortgage-related assets that were the focus of the program, the Secretary is authorized to purchase "any other financial instrument" that is "necessary to promote financial market stability.". [...] The Secretary is to take steps to prevent "unjust enrichment" of financial institutions selling assets to the government, in particular preventing the sale of troubled assets at a price higher than what the seller initially paid for the asset. [...] Under the statute, the guarantees may be up to 100% of the value of the asset and the premiums may be risk-based, but the Secretary is not required to implement either of these provisions. [...] The taxpayer is required to reduce the basis in the principal residence by the amount of the excluded income. [...] The smaller the amount of reserves the intermediary keeps on hand, the greater the potential for profit, but the greater the risk that the firm will be caught without adequate funds if conditions change.

Author : Nikola Vazquez
Publisher :
Page : 0 pages
File Size : 34,75 MB
Release : 2010
Category : Banking law
ISBN : 9781607413271

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Many observers trace the root cause of recent instability in financial markets to uncertainty surrounding the value of widely held securities that are based on mortgages and mortgage-related assets. Losses on these securities have led to the unexpected and relatively sudden failure of several large financial institutions. Credit markets have nearly frozen at times as financial institutions demanded very high interest rates on traditionally routine short-term lending. While there is limited evidence that financial turmoil has caused widespread damage in the broader economy, it is feared that significant real economic effects may be forthcoming, particularly if credit markets remain frozen. This book highlights The Emergency Economic Stabilization Act (EESA), established as law on October 3rd 2008, in response to these economic fears. The Act The Troubled Assets Relief Program (TARP), created by this Act, is also analysed. Furthermore, the insurance program contained in the enacted version of the EESA is briefly summarised and analysed. This is an edited, excerpted and augmented edition of various government publications.

Author : Orice Williams Brown
Publisher : DIANE Publishing
Page : 136 pages
File Size : 33,96 MB
Release : 2009-12
Category : Business & Economics
ISBN : 1437919901

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The Emergency Economic Stabilization Act directed a study of the role of leverage in the current financial crisis and federal oversight of leverage. The objectives were to review: (1) how leveraging and deleveraging by financial institutions may have contributed to the crisis; (2) regulations adopted by federal financial regulators to limit leverage and how regulators oversee compliance with the regulations; and (3) any limitations the current crisis has revealed in regulatory approaches used to restrict leverage and regulatory proposals to address them. To meet these objectives, the auditor reviewed relevant laws and regulations and academic and other studies, and interviewed regulators and market participants. Includes recommend. Illus.