I am pleased to have read today another contemplation initiated by the Treasury to create a fund with the purpose of providing additional liquidity to the mortgage markets.
My only fear is the amount being considered is less than 1/2 of what I believe is needed overall. The number mentioned in the article I read on Marketwatch.com today was $100 Billion. I estimate this is enough to bail out Wall Street but not "Main Street".
This fund must be focused in its objectives and monitored by the Feds, not the Wall Street firms. They should pony up the cash but not be responsible for what the fund buys and sells.
The article can be read here: Banks, Treasury Discuss
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