218953 Resource 133535 120646 120646 1227621766981 1227631703784 Controlled TARP Plan: Consumer Loans

U.S. Federal Reserve and Treasury makes billions available for consumer loans

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a href="http://forex.gftforex.com/public/item/218949" target="_blank" title="TARP plan, consumer loans, investing debt, Fedearl Reserve, Treasury, student loans, auto loans, credit card debt, securities, credit market">next incarnation of the TARP plan</a>, used by the U.S. Federal Reserve and the Treasury to boost special lending in the hopes that it will help the economy and loosen credit, is to include consumer loans.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Indeed, the <a href="http://money.cnn.com/2008/11/25/news/economy/paulson_consumer/index.htm" target="_blank" title="TARP plan, consumer loans, investing debt, Fedearl Reserve, Treasury, student loans, auto loans, credit card debt, securities, credit market">Fed in New York is planning to lend up to $200 billion</a> in order to encourage investors to buy securities backed by consumer debt. These are securities that include such items as credit card debt, auto loans and student loans. </span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">At the same time, the Federal Reserve central bank has announced that it will be buying up to $500 billion in mortgage back securities from embattled companies Freddie Mac and Fannie Mae. Ginnie Mae is also involved.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">The hope is that by encouraging investment in debt, it will free up the credit market, creating an impetus for lenders to offer more financing -- especially to consumers. The drop in consumer spending fueled by debt is one of the things cited as causing continued economic troubles and credit market woes in the U.S.</span></font><br /> 9 application/xml false auto loans consumer loans credit card debt credit market Fedearl Reserve investing debt securities student loans TARP plan Treasury Spread bets on the U.S. financial market http://www.gftuk.com/land/index.asp?aid=53 Consumers may spend more, but it will put them deeper in debt http://www.yieldingwealth.com/fed-treasury-ready-to-boost-credit-card-debt-fueled-consumer-spending/ <script type="text/javascript" src="http://tipd.com/evbs.js"></script> <script type="text/javascript"> evb_url = 'http://blog.gftuk.com/public/item/218953'; evb_big(evb_url); </script> <script type='text/javascript'>reddit_url='http://blog.gftuk.com/public/item/218953'</script> <script type='text/javascript'>reddit_title='TARP Plan: Consumer Loans'</script> <script type="text/javascript" src="http://www.reddit.com/button.js?t=2"></script> <a href="javascript:q=(document.location.href);t=(document.title);void(open('http://www.pfbuzz.com/node/add/drigg?url='+escape(q)+'&title='+escape(t),'','resizable,location,menubar,toolbar,scrollbars,status'));" title="Submit to PFBuzz.com" alt="Submit to PFBuzz.com"><img src="http://www.pfbuzz.com/ads/pfbuzz-32.png" alt="Submit to PFBuzz.com"/></a> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 133535 blog blogsite/GFTUK/web