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The securities lending program imploded.
In addition to being too costly, administering the privately run lending program is more trouble than it is worth.
"The F.D.I.C. brings this complaint to hold these highly paid senior executives, who were chiefly responsible for WaMu's higher-risk home lending program, accountable for the resulting losses".
Likewise, the Japanese central bank may step up its existing asset-buying and lending program at a policy meeting this week, analysts believe.
The only government lending program now in place is the New York Federal Bank's Term Asset-backed Lending Facility (TALF).
Fannie Mae offers a similar combination lending program called HomePath.
The securities lending program was terminated in 2008.
Those could include a bank lending program for struggling businesses in the affected areas, analysts say.
Goldman would lose access to the Federal Reserve's overnight lending program, which provides emergency financing.
Lobbyists for the private lenders howled at the restructuring of the college lending program.
Mr. Fuld said other investment banks were allowed to benefit from a Fed lending program.
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