Among the many important themes in his March 1, 2022, State of the Union address, President Joe Biden declared that “the watchdogs are back,” when he announced that the Department of Justice (DOJ) would appoint a Chief...more
On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $2 trillion stimulus package is the largest in American history and will make available hundreds of billions of...more
After days of intense negotiation, last night the Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion stimulus package to respond to the economic fallout from the coronavirus (COVID-19)...more
Today, the Federal Reserve Bank announced several unprecedented emergency measures, including unlimited purchases of Treasury and agency mortgage-backed securities, three new lending facilities, and expansion of two programs...more
3/24/2020
/ Asset-Backed Securities ,
Coronavirus/COVID-19 ,
Credit Facilities ,
Emergency Management Plans ,
Federal Reserve ,
Liquidity ,
Money Market Funds ,
Mortgage-Backed Securities ,
Secondary Markets ,
Special Purpose Vehicles ,
State of Emergency
In a significant move to provide liquidity to U.S. corporations, the Federal Reserve Board announced today that it will establish a Commercial Paper Funding Facility (“CPFF2020”). The Federal Reserve’s action parallels its...more