I'm trying to understand what legacy securities are. Could someone please explain to me what these securities entail, their characteristics, and how they differ from other types of securities?
6 answers
SilenceSolitude
Sat Dec 28 2024
On March 23, 2009, the Treasury Department unveiled a significant initiative.
Martino
Sat Dec 28 2024
This initiative was named the Legacy Securities Public-Private Investment Program (PPIP).
SeoulSoul
Sat Dec 28 2024
The primary objective of PPIP was to bolster the functioning of financial markets.
amelia_miller_designer
Sat Dec 28 2024
PPIP aimed to enhance price discovery in specific market segments.
ShadowFox
Fri Dec 27 2024
These segments included legacy Commercial Mortgage-Backed Securities (CMBS).