Wednesday, October 15, 2008

Summary of Government Actions to Support the Markets

On his FundLaw news group, Stradley Ronon's John Baker has prepared an excellent summary of the actions the Department of the Treasury, the Federal Reserve Board, and the FDIC have taken in recent days to support the financial markets.   His summary includes plain language descriptions of the FDIC's Temporary Liquidity Guarantee Program and it's deposit guarantee, as well as the Treasury's TARP Capital Purchase Program to purchase senior preferred stock and warrants of depository and holding companies.  Baker's summary also includes links to IRS and Treasury resources on:

The full text of John Baker's excellent summary is available at: