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- Business loan bailout announced by the Federal Reserve on Tuesday, October 7, 2008
- The Fed will create a new commercial-paper funding facility to help struggling short-term funding to businessesWSJ.com: Move Damps Treasury (October 7, 2008)
- Will purchase three-month unsecured and asset-backed commercial paper from eligible issuers
- Intended to prevent financial market disruptionsWSJ.com: Move Damps Treasury (October 7, 2008)
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The Federal Reserve announced a plan to buy large amounts of short-term "commercial paper" debts because the market for this type of financing has been hampered due to the credit crisis. Associated Press: Fed To Buy Massive Amounts of Short-Term Debt (October 7, 2008)
The new program was announced by the Federal Reserve on October 7, 2008.CNNMoney: Business Loan Bailout (October 7, 2008)
Under the program, the Fed will purchase three month-unsecured and asset-backed commercial paper directly from eligible buyers. The program will be financed by tax-payers.CNNMoney: Business Loan Bailout (October 7, 2008)
Commercial Papers
Commercial paper is a short-term loan that companies use to finance the purchases of supplies, paying employees or other daily operations. The plan is an effort to ensure that small companies are not crippled by the economic crisis. Associated Press: Fed To Buy Massive Amounts of Short-Term Debt (October 7, 2008)-
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Business Loan Bailout Questions
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Should students get a bailout? 5 AnswersIf you honestly look at this from a financial perspective, 6.8%-8.5% for an unsecured loan is completely reasonable. Mortgages have real estate behind them, as... read more -
Do you have any sources of Kiva updating members on business progress after a loan has been repaid? 3 AnswersOne of the sources I came across about kiva updating members on business progress after a loan has been repaid is kivafriends.org, they have a journal wherein m... read more -
Bailout this, bailout that...what past company do you think could have used a bailout? 6 AnswersProbably a bunch of small businesses proportionately spread around the country to help out the problem of losing business to corporations. Places that had senti... read more -
What is a bridge loan? 2 AnswersWhat Does Bridge Loan Mean? A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type o... read more
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On Twitter Powered by Twitter
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Is small business bailout $ with strings better than none at all? Senator Snowe Proposes Killing Her Own Loan Program - http://bit.ly/6EBs59
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RT@valdiskrebs 22 banks that got most help from Treasury bailout cut their small business loan by $10.5B over past 6 mo http://bit.ly/mIECR
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RT @giyom The 22 banks that got most help from Treasury bailout cut their small business loan by $10.5B over past 6 mo http://bit.ly/mIECR
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RT @giyom:The 22 banks that got the most help from bailout cut their small business loan by $10.5B over the past 6 mo http://bit.ly/mIECR
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RT @NurtureGirl: RT @giyom The 22 banks that got most help from Treasury bailout cut their small business loan by $10.5B over past 6 mo ...
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