Treasury's 4 part plan

Treasury put two GSEs in a conservatorship, ousting their CEOs and eliminating dividens. The four part plan and their goals are --conservatorship: ensure the two entities would be open for business as usual --Treasury entered into a senior preferred share agreement to ensure that two GSEs have positive net worth and to eliminate the mandatory triggering of receivership so that entities have conserved entities to fulfill the general oglibations. --secured lending facility: liquidity backstop. provided by Treasury from general fund under Fed NY bank in exchange of GSEs garanteed MBS --Treasury will purchase MBS: promote market stability and support the availability of mortgage financing