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How much bailout is still in progress has it been enough?

The movie to big to fail showed for the first time on HBO this past Monday. I am sure this will bring many to do some research on the current status of the relief programs that are out there.

 

 

 

Capital Purchase Program (CPP), under the Emergency Economic Stabilization Act (EESA) in October 2008.

 


Four groups of entities receiving CPP funds have been created for this report:

  1. CPP (I) Assets greater than $100 billion.
  2. CPP (II) Assets between $10 billion and $100 billion.
  3. CPP (III) Assets between $1 billion and $10 billion.
  4. CPP (IV) Assets less than $1 billion.

 


Detailed information on reporting can be found at the Federal Financial Institutions Examinations Council website (http://www.ffiec.gov) and at the Board of Governors website (http://www.federalreserve.gov) under "Reporting Forms". In general, only bank holding companies with consolidated assets greater than $500 million are required to submit Y-9C reports.

 

 

Public-Private Investment Program for Legacy Assets

SIGTARP:

“The Legacy Securities Program continues to develop, and on July 8, 2009, Treasury announced the selection of nine PPIF managers that will receive debt and equity financing of up to $30 billion in TARP funds during the initial capital-raising efforts for the PPIFs. Treasury has stated that PPIP, originally intended to involve up to $1 trillion in total funds, may involve up to $75 billion of TARP funds. ”

 

“According to Treasury, “the goal of the Legacy Securities Program is to restart the market for legacy securities, allowing banks and other financial institutions to free up capital and stimulate the extension of new credit.” For the purposes of PPIP, legacy securities are ABS supported by real estate-related loans issued before January 1, 2009, and originally rated AAA (or an equivalent rating) by two or more NRSROs. Private investors and Treasury will co-invest in PPIFs to purchase these assets from financial institutions. Furthermore, Treasury will offer debt financing to the PPIF equal to or double the total private equity investment. Treasury, the PPIF manager (which is required to invest at least $20 million of its own money in the PPIF), and the private investors will share in PPIF profits on a pro rata basis. PPIF losses will be shared on a pro rata basis up to each participant’s investment amount. As of September 30, 2009, there were no asset purchases.”

 Term Asset-Backed Securities Loan Facility (TALF).

 

 

Oct. 22 (Bloomberg) -- A U.S. government program aimed at reviving the mortgage-backed securities market returned more than triple what stocks or bonds gained in the past year.

 

October 22, 2010, 4:21 PM EDT

(Updates with professor’s comment in eighth paragraph.)

 

The eight funds created under the Public-Private Investment Program, or PPIP,

PPIP Funds Surge 36% in First Year, Treasury Says

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