Subprime, Alt A Mortgage Purchases No Longer a Priority for TARP
November 14, 2008
The Bush administration pulled a switcheroo on the mortgage industry this week as the Treasury Department said the $700 billion program initially pushed as a distressed mortgage purchase program will instead focus on almost anything else. Even non-bank financial institutions not currently eligible for the program’s capital injections will be considered for funds... [Includes one graph]