Author: Baird WebelPublisher:
ISBN:
Category : Financial crises
Languages : en
Pages : 6
Book Description
The Cost of Governmental Financial Interventions, Past and Present
Author: Baird WebelPublisher:
ISBN:
Category : Financial crises
Languages : en
Pages : 6
Book Description
The Cost of Government Financial Interventions, Past and Present
Author: Baird WebelPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 6
Book Description
The Cost of Government Financial Interventions, Past and Present
Author: Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
In most of the interventions, all the financial outflows that are possible have yet to occur, and the ultimate value of the debt and equity considerations received from the private firms is uncertain. [...] Depending on the final proceeds from the various debt and equity considerations, the federal government may end up seeing a positive fiscal contribution from the recent interventions, as was the case in some of the past interventions summarized in the tables at the end of this report. [...] The Fed has the authority under its founding statute to loan money "in unusual and exigent circumstances" to "any individual, partnership, or corporation" provided five members of the Board of Governors of the Federal Reserve system agree.1. [...] Because the profits of the Fed are overwhelmingly remitted to the Treasury, the indirect source of the funds is the Treasury. [...] In the case of Fannie Mae and Freddie Mac, the direct source of funding is the Treasury, pursuant to the statutory authority granted in the Housing and Economic Recovery Act of 2008.3.
The Cost of Government Interventions, Past and Present
Author: Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 6
Book Description
In response to ongoing financial turmoil that began in the subprime mortgagebacked securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September 19, 2008. The firms affected were Bear Stearns, Fannie Mae and Freddie Mac, and AIG. Another large investment bank, Lehman Brothers, sought government intervention, but none was forthcoming; subsequently, the firm sought bankruptcy protection. These interventions have prompted questions regarding the taxpayer costs and the sources of funding. The sources of funding are relatively straightforward, the Federal Reserve (Fed) and the U.S. Treasury. The costs, however, are difficult to quantify at this stage. In the most recent interventions (Fannie Mae and Freddie Mac, and AIG), all the lending that is possible under the interventions has yet to occur. Also, in all the current cases, the government has received significant debt and equity considerations from the private firms. At this point, Fannie Mae, Freddie Mac, and AIG are essentially owned by the federal government. Depending on the proceeds from the debt and equity considerations, the federal government may very well end up seeing a positive fiscal contribution from the recent interventions, as was the case in some of the past interventions summarized in the tables at the end of this report. The government may also suffer significant losses, as has also occurred in the past. This report will be updated as warranted by legislative and market events.
Government Interventions in Response to Financial Turmoil
Author: Baird WebelPublisher: DIANE Publishing
ISBN: 1437929699
Category : Business & Economics
Languages : en
Pages : 44
Book Description
This is a print on demand edition of a hard to find publication. Contents: (1) Intro.: Estimating the Costs of Gov¿t. Interventions; (2) Troubled Asset Relief Program (TARP): Capital Purchase Program and Capital Assistance Program; Home Affordable Modification Program; U.S. Automakers; (3) Federal Reserve: Term Auction Facility; Term Securities Lending Facility; Primary Dealer Credit Facility; Term Asset-Backed Securities Loan Facility; Central Bank Liquidity Swaps; Bear Stearns; (4) FDIC: Temporary Liquidity Guarantee Program; (5) U.S. Dept. of the Treasury: Money Market Mutual Fund Guarantee Program; (6) Joint Interventions: Public Private Investment Program: Legacy Loan Program; Legacy Securities Program; AIG; Fannie Mae and Freddie Mac; Citigroup; Bank of America. Charts and tables.
The Cost of Our National Government
Author: Henry Jones FordPublisher: Columbia University Lectures
ISBN:
Category : Business & Economics
Languages : en
Pages : 176
Book Description
Contains the substance of lectures delivered at Columbia University during 1909 which focused on budgetary issues such as, the growth of expenditure, creating a national budget, constitutional agencies of budget control, and political conditions of budgeting.
The Cost of Government and the Support of Education
Author: Harold Florian ClarkPublisher:
ISBN:
Category : Education
Languages : en
Pages : 102
Book Description
Costs of Government Interventions in Response to the Financial Crisis
Author: Congressional Research Congressional Research ServicePublisher: CreateSpace
ISBN: 9781502955159
Category :
Languages : en
Pages : 48
Book Description
In August 2007, asset-backed securities (ABS), particularly those backed by subprime mortgages, suddenly became illiquid and fell sharply in value as an unprecedented housing boom turned into a housing bust. Losses on the many ABS held by financial firms depleted their capital. Uncertainty about future losses on illiquid and complex assets led to firms having reduced access to private liquidity, sometimes catastrophically. In September 2008, the financial crisis reached panic proportions, with some large financial firms failing or having the government step in to prevent their failure.
Government Finance Statistics Manual 2014
Author: Mrs.Sage De ClerckPublisher: International Monetary Fund
ISBN: 1498379214
Category : Business & Economics
Languages : en
Pages : 470
Book Description
The 2007–09 international financial crisis underscored the importance of reliable and timely statistics on the general government and public sectors. Government finance statistics are a basis for fiscal analysis and they play a vital role in developing and monitoring sound fiscal programs and in conducting surveillance of economic policies. The Government Finance Statistics Manual 2014 represents a major step forward in clarifying the standards for compiling and presenting fiscal statistics and strengthens the worldwide effort to improve public sector reporting and transparency.
Governmental Intervention in the Market Mechanism: the Petroleum Industry
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and MonopolyPublisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1932
Book Description
Reviews economic impact of Federal regulations on the petroleum industry. Focuses on crude oil supplies, domestic competition, restrictions on less expensive foreign crude oil imports, the need to maintain higher domestic prices as development incentive and regional allocation inequities, especially in the Northeast.