Auction Basics : Background for Assessing Proposed Treasury Purchases of Mortgage-Backed Securities.

Presents information on uses, design, and functions of auctions. Reviews common types of auctions used by Federal Government, in light of Department of Treasury purchase of mortgage-backed securities. Highlights elements of auction design that may pose challenges to Secretary of Treasury in administ...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2008.
Series:	U.S. Congressional Research.
Subjects:	Fiscal policy. Business. Mortgages. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Presents information on uses, design, and functions of auctions. Reviews common types of auctions used by Federal Government, in light of Department of Treasury purchase of mortgage-backed securities. Highlights elements of auction design that may pose challenges to Secretary of Treasury in administration of the troubled asset relief program authorized by P.L. 110-343, the Emergency Economic Stabilization Act.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.