Does the senior preferred stock purchase agreement protect debt and mortgage backed securities issued or maturing after 2009?
Yes. The holders of senior debt, subordinated debt, and mortgage backed securities issued or guaranteed by these GSEs are protected by the agreement without regard to when those securities were issued or guaranteed. Debt and mortgage backed securities issued or guaranteed both before and after December 31, 2009 are protected by the agreement.
Related Questions
- Can a broker/dealer purchase FDIC-guaranteed debt issued by its holding company or an affiliate bank or thrift for the purpose of making a market?
- How is it legal for this preferred stock purchase agreement to be valid beyond the December 31, 2009 expiration of Treasurys authority?
- Can the U.S. Congress or the Executive Branch change the terms of the preferred stock purchase agreement?
