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Washington
Inside Washington (05/18/2009)
* WASHINGTON (5/19/09)--The Term Asset-Backed Securities Loan Facility could attract more demand next month, according to Federal Reserve Board Chairman Ben Bernanke (American Banker May 18). In a letter to Rep. Keith Ellison (D-Minn.), he said the Federal Reserve Bank of New York received $10.9 billion of loan requests under the program compared with $1.7 billion in April. Ellison had written Bernanke for information on how healthy the financial markets are regarding asset-backed securities and asked how the Fed could trust the triple-A ratings attached to the collateral under the facility. Bernanke said the market is improving ... * WASHINGTON (5/19/09)--Newsweek interviewed Treasury Secretary Timothy Geithner Monday at the National Press Club in Washington, D.C., about the economy and Troubled Asset Relief Program funds. Newsweek hosted the event live via Facebook. Roughly 950 individuals indicated via Facebook that they planned to watch the interview ...


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