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Government to Buy Unsecured Corporate Debt

October 7, 2008 By Bill Rice Leave a Comment

The Government is now REALLY wading taxpayers into dangerous waters-considering buying (unsecured corporate debt) commercial paper.

Link tour of the issue:

  • Credit crunch continues to spread, freezing corporate credit (NYTimes)
  • Federal Reserve and Treasury discuss buying commercial paper (Reuters)
  • $95 billion has flowed out of the commercial paper market in the first week of October (Telegraph)
  • Bill Gross of PIMCO never saw a bailout he didn’t like (Bloomberg)
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Filed Under: Commercial Paper, Federal Reserve, Treasury Tagged With: bill gross, Commercial Paper, debt, fed, pimco, Treasury

About Bill Rice
Bill Rice is a mortgage banking veteran operating in and writing about the mortgage market for over a decade. Bill is the founder of Kaleidico, which provides mortgage banking customers with lead generation and lead management solutions. Prior to Kaleidico, Bill was one of the founding executives of DeepGreen Bank, the first fully automated mortgage lending Internet banking platform and lead similar home equity innovations as the VP of National Home Equity at Quicken Loans. He can be contacted at bill.rice@kaleidico.com.

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