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Treasury works rapidly to pick bailout contractors

                   
iht.com
07-Oct-2008
        
Story Timeline:  57 days

The Treasury Department has set an extremely short timetable for picking the companies that will help manage its $700 billion bailout program, which analysts say raises the risk the government will overpay. The department on Monday said financial firms interested in providing asset management and other services must submit bids by 5:00 p.m. EDT (2100 GMT) Wednesday, with winners announced as early as Friday. "That is an extremely quick turnaround," said Jack Horan, a government contracting attorney at the McKenna, Long & Aldridge law firm. Several analysts acknowledged that the breakneck pace is consistent with the urgent nature of the bailout, which is intended to unclog financial markets by taking bad mortgage-related assets off the books of banks and other financial services firms. But they also noted that recent... [read full story]                    

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Treasury in a hurry to pick bailout contractors

 telegram.com 08-Oct-2008
First article on this story:

Treasury Department will pick companies to manage huge bailout portfolio in a matter of days

 canadianbusiness.com 07-Oct-2008
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Treasury in a hurry to pick bailout contractors

telegram.com
08-Oct-2008
        

WASHINGTON - The Treasury Department has set an extremely short timetable for picking the companies that will help manage its $700 billion bailout program, which analysts say raises the risk the government will overpay.

$700 billion bailout has short timetable

enquirer.com
08-Oct-2008
        

The Treasury Department has set an extremely short timetable for picking the companies that will help manage its $700 billion bailout program, which analysts say raises the risk the government will overpay.

                   

Speedy bailout increases risks

newsobserver.com
08-Oct-2008
        

Experts say government must act with urgency but beware of past mistakes Speedy bailout increases risks Christopher S. Rugaber, The Associated Press Comment on this story WASHINGTON - The Treasury Department has set an...

                   

Treasury Moves Quickly to Recruit Private Bailout Managers

washingtonpost.com
08-Oct-2008
        

The Treasury Department this week plans to start outsourcing the management of up to $700 billion in troubled securities, using special contracting authorities that enable it to retain private portfolio managers, custodians and...

                   

Treasury Moves Quickly to Retain Private Bailout Managers

washingtonpost.com
08-Oct-2008
        

The Treasury Department this week plans to start outsourcing the management of up to $700 billion in troubled securities, using special contracting authorities that enable it to retain private portfolio managers, custodians and...

                   

Treasury Moves Quickly to Retain Private Bailout

washingtonpost.com
08-Oct-2008
        

The Treasury Department this week plans to start outsourcing the management of up to $700 billion in troubled securities, using special contracting authorities that enable it to retain private portfolio managers, custodians and...

                   

Rush to hire bailout managers

msn.com
07-Oct-2008
        

Pace is urgent, but some note issuing quick contracts has backfired before WASHINGTON - The Treasury Department has set an extremely short timetable for picking the companies that will help manage its $700 billion bailout...

                   

Rush is on to hire companies to manage bailout

msn.com
07-Oct-2008
        

Pace is urgent, but some note issuing quick contracts has backfired before WASHINGTON - The Treasury Department has set an extremely short timetable for picking the companies that will help manage its $700 billion bailout...

                   

Treasury works rapidly to pick bailout contractors (AP)

yahoo.com
07-Oct-2008
        

The Treasury Department has set an extremely short timetable for picking the companies that will help manage its $700 billion bailout program, which analysts say raises the risk the government will overpay.

Treasury Department will pick companies to manage huge bailout portfolio in a matter of days

canadianbusiness.com
07-Oct-2008
        

WASHINGTON (AP) - The Treasury Department has set an extremely short timetable for picking the companies that will help manage its $700 billion bailout program, which analysts say raises the risk the government will overpay....