Banks are clamouring for a broader loan guarantee through
the Temporary Liquidity Guarantee Programme (TLGP).
Since enacting a final programme that offers three-year
guarantees to new senior unsecured debt on November 21 2008,
the Federal Deposit Insurance Corporation (FDIC) has faced
pressure to extend the programme's capabilities.
"The programme has certainly been a success in terms of
usage," said Ernie Patrikis, partner at White & Case in