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Fed Commercial Paper Holdings Rise to $295.1 Billion--Part 2
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11-28-2008 11:42 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ca19655f-2531-46b0-98d3-6fa2f9100d23/9E5F8766-32FA-4F11-8B01-6AD90D4C9FAF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=a0dIv1Epqo_o" href="http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=a0dIv1Epqo_o" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=a0dIv1Epqo_o">Fed Commercial Paper Holdings Rise to $295.1 Billion </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=a0dIv1Epqo_o">the Fed has also directly aided some firms. It rescued Bear Stearns Cos. from collapse in March and led a government takeover of <A href="http://www.bloomberg.com/apps/quote?ticker=AIG:US">AIG</A> in September</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=a0dIv1Epqo_o"><P>The Fed’s credit lines to AIG stood at $71.1 billion on Nov. 26, down from $87.4 billion last week. Today’s report is the first to reflect the insurer’s expanded $152.5 billion bailout. The <A target="_blank" href="http://www.treasury.gov/">Treasury</A> has invested $40 billion in the company. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=a0dIv1Epqo_o"><P>The Fed first provided an $85 billion loan to AIG Sept. 16, and then authorized another $37.8 billion on Oct. 8. Those loans are being replaced by a $60 billion credit line and two special units, Maiden Lane II LLC and Maiden Lane III LLC, getting up to $52.5 billion in Fed loans to buy mortgage-backed securities and collateralized debt obligations from AIG. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=a0dIv1Epqo_o">More Fed aid is coming. The central ban has yet to begin two other programs announced this week to unfreeze credit for homebuyers, consumers and small businesses.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9E5F8766-32FA-4F11-8B01-6AD90D4C9FAF/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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