1. Give credit where it's due
- Author
-
Santoli, Michael
- Subjects
United States. House of Representatives -- Economic policy ,Banking industry -- Government finance ,Banking industry -- Accounting and auditing ,Bank capital -- Government finance ,Bank capital -- Accounting and auditing ,Bank loans -- Statistics ,Hedge funds -- Management ,Financial services industry -- Securities ,Stock price indexes -- Statistics ,Banking industry ,Financial services industry ,Company business management ,Company securities ,Banking, finance and accounting industries ,Business ,Emergency Economic Stabilization Act of 2008 - Abstract
Some representatives are asking that banks detail precisely how they used the first batch of funds from the Trouble Assets Relief Program before they release the second $350 billion for the program. The funds were used to cover the bank's capital bases and banks have continued to lend plenty. The performance of the financial sector index and hedge fund strategies are also discussed.
- Published
- 2009