treasury report

[mgt23]

http://www.treas.gov/press/releases/tg111.htm

While many of these programs have proved effective, the member also noted that the credit markets are far from normal and that for many borrowers such as those seeking commercial mortgages, home equity loans, and non-agency jumbo mortgages the markets are still fractured, if not effectively closed(my emphasis). Simultaneously, non-guaranteed financial issuance is growing, albeit only for a select few at this point.

somehow i dont think they are going to reopen either