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re: Update pg 23: Russia,IMO, will default on its sovereign debt within six months
Posted on 12/19/14 at 9:05 am to LSURussian
Posted on 12/19/14 at 9:05 am to LSURussian
quote:
It calls for injecting 1,000,000,000,000 rubles (one trillion) into the country's "systemic" banks.
Isn't this what TARP was for us?
1
Posted on 12/19/14 at 9:12 am to Radiojones
Sort of, but not exactly.
TARP was designed for the government to buy mortgage-backed securities that banks owned that were under water.
It morphed into the Feds loaning banks money that could be counted as Tier 2 capital and which has been almost all repaid now.
And all U.S. banks were eligible for TARP money, not just the big banks.
TARP was designed for the government to buy mortgage-backed securities that banks owned that were under water.
It morphed into the Feds loaning banks money that could be counted as Tier 2 capital and which has been almost all repaid now.
And all U.S. banks were eligible for TARP money, not just the big banks.
This post was edited on 12/19/14 at 9:13 am
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