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New Facility Targets Consumer Lending

Wall Street Journal Original article ›

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Federal Reserve's $800 billion rescue for mortgage and consumer debt securities markets in October 2008.

11/25/2008

October 2008 was the month when consumer debt securites market collapsed, with dire consequences for GM and other businesses. The Fed stepped in with $200 billion of money for investors to buy these securities and also set up its own effort to buy $600 billion of mortgage securities from Fannie and Freddie.

Grouped Articles

Putting the Hit on Fannie, Freddie

Wall Street Journal 03/12/2014

Senators Draft Housing Finance Overhaul

New York Times 03/11/2014

New Facility Targets Consumer Lending

Wall Street Journal 11/25/2008

Fed Aid Sets Off a Rush to Refinance

Wall Street Journal 11/26/2008

Fear Recedes in the Debt Markets

Wall Street Journal 11/26/2008

U.S. Consumer Loan Aid Will Trickle Only So Far

New York Times 11/27/2008


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