[20080922]RS22957_允许财政部购买抵押贷款相关资产以解决金融不稳定问题的提议.pdf

1 This report is based on a draft acquired via email from CongressNow Alert. “Alert: BushAdministration Financial Plan,” CongressNow, September 20, 2008, 10:21 a.m. CongressNowis a Roll Call Group Business and distributed the alert through . Order Code RS22957September 22, 2008Proposal to Allow Treasury to Buy Mortgage-Related Assets to Address Financial InstabilityEdward V. MurphyAnalyst in Financial EconomicsGovernment and Finance DivisionBaird WebelAnalyst in Financial EconomicsGovernment and Finance DivisionSummaryFinancial markets underwent severe stress during the week of September 15-22,2008. After Lehman Brothers declared bankruptcy and AIG received a bridge loan fromthe Federal Reserve, policymakers reassessed their case-by-case approach to resolvingfinancial problems. Secretary of the Treasury Paulson announced a plan to allowTreasury to purchase mortgage-related assets from U.S. financial institutions. Theannounced intent of the plan is to unclog financial markets, increase the health of thebanking sector, and reduce ongoing risks to the economy. This report discusses a draftof the proposal as it stood on September 21, 2008, and analyzes frequently askedquestions. This r