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Mortgage related securities lost all bids at that time and while the Fed had no authority to purchase securities in these markets it went to the extraordinary step of loaning money to the newly formed Maiden Lane entities which allowed them to purchase such securities.
FORBES: Let's Give It Up For The Fed For A Job Well Done On Maiden Lane
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The Treasury will get temporary authority to extend unlimited loans to the firms or to purchase equity stakes in them if their condition worsens.
ECONOMIST: America's housing bill
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Virginia Attorney General Ken Cuccinelli, who was among the first to challenge the constitutionality of the mandated health insurance provisions of the health care reform legislation, won a major round today as Judge Henry Hudson agreed that forcing Americans to purchase health care insurance exceeds the constitutional authority of Congress.
FORBES: Va. Federal Judge Rules Health Insurance Mandates Unconstitutional
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Malloy's administration is considering a plan that would allow the state to purchase electricity from Connecticut's largest regional trash authority, which could temporarily help the financially struggling entity while giving it time to come up with a long-term plan.
WSJ: Connecticut Considers Trash Power Pact
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In October, EnviroMission received approval to sell electricity from the first of two planned 200 MW solar power facilities to the Southern California Public Power Authority under the terms of a Power Purchase Agreement.
FORBES: World's Largest Solar Tower Takes Next Step Forward
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Samson stressed that the port authority was committing to operating Atlantic City International Airport for a limited amount of time with an option to eventually purchase the SJTA's interests in the airport.
WSJ: Port Authority approved to take over AC airport