Bailout Watchdog Warns Of Lending Plan Failure

Neil Barofsky, the special inspector general for the $200 billion consumer-lending program, known as Term Asset-Backed Securities Loan facility, warned that success of the plan is not assured.

  • 05 Feb 2009
Neil Barofsky, the special inspector general for the $200 billion consumer-lending program, known as Term Asset-Backed Securities Loan facility, warned that success of the plan is not assured. In a report he said the facility is vulnerable to fraud, waste and abuse because, among other things, under terms ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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3 Wells Fargo Securities 72,661.39 222 9.59%
4 JPMorgan 52,367.24 169 6.91%
5 Credit Suisse 41,885.89 127 5.53%