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The Federal Reserve is widely expected to help by making commercial mortgage-backed securities eligible for its programme (known as the TALF) to support the securitisation market with subsidised loans.
ECONOMIST: The American economy: Better than it looks? | The
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Powershares Build America Bond Porfolio ETF ( BAB) normally invests at least 80% of its total assets in taxable municipal securities eligible to participate in the Build America Bond program created under the American Recovery and Reinvestment Act of 2009 or other legislation providing for the issuance of taxable municipal securities on which the issuer receives federal support of the interest paid.
FORBES: Uncertainty Leads Bond ETFs Higher
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If you qualify, you can use the interest earned on these securities to pay tuition and fees at eligible colleges and universities.
FORBES: Fact and Comment
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The facility may be expanded over time and eligible asset classes may be expanded later to include other assets, such as commercial mortgage-backed securities, non-agency residential mortgage-backed securities or other asset classes.
FORBES: The text of his remarks, as prepared.