LIST OF ACRONYMS AND ABBREVIATIONS

ABCP: asset-backed commercial paper

ABS: asset-backed securities

AIG: American International Group

AIG FP: AIG Financial Products

AMLF: Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility

ANPR: Advance Notice of Proposed Rulemaking

ARM: adjustable-rate mortgage

ARRA: American Reinvestment and Recovery Act (2009)

BofA: Bank of America

CBO: Congressional Budget Office

CDO: collateralized debt obligation

CDS: credit default swaps

CEA: Council of Economic Advisers

CEO: Chief Executive Officer

CFMA: Commodity Futures Modernization Act (2000)

CFPA: Consumer Financial Protection Agency

CFPB: Consumer Financial Protection Bureau

CFTC: Commodity Futures Trading Commission

CME: Chicago Mercantile Exchange

CP: commercial paper

CPFF: Commercial Paper Funding Facility

CPI: Consumer Price Index

CPP: Capital Purchase Program

DTI: debt (service)-to-income ratio

ECB: European Central Bank

EMH: efficient markets hypothesis

ESF: Exchange Stabilization Fund

FCIC: Financial Crisis Inquiry Commission

FDIC: Federal Deposit Insurance Corporation

FHA: Federal Housing Administration

FHFA: Federal Housing Finance Agency

FICO: Fair Isaac Company

FOMC: Federal Open Market Committee

FSA: Financial Services Authority (UK)

FSLIC: Federal Savings and Loan Insurance Corporation

FSOC: Financial Stability Oversight Council

G7: Group of Seven (nations)

GAAP: generally accepted accounting principles

GAO: Government Accountability Office

GDP: gross domestic product

GLB: Gramm-Leach-Bliley Act (1999)

GSE: government-sponsored enterprise

H4H: Hope for Homeowners

HAFA: Home Affordable Foreclosure Alternatives Program

HAMP: Home Affordable Modification Program

HARP: Home Affordable Refinancing Program

HAUP: Home Affordable Unemployment Program

HHF: Hardest Hit Fund

HOLC: Home Owners' Loan Corporation

HUD: Department of Housing and Urban Development

IMF: International Monetary Fund

ISDA: International Swaps and Derivatives Association

LIBOR: London Interbank Offered Rate

LTCM: Long-Term Capital Management

LTRO: Longer-Term Refinancing Operations

LTV: loan-to-value (ratio)

MBS: mortgage-backed securities

MOM: my own money

NBER: National Bureau of Economic Research

NEC: National Economic Council

NINJA (loans): no income, no jobs, and no assets

NJTC: new jobs tax credit

OCC: Office of the Comptroller of the Currency

OFHEO: Office of Federal Housing Enterprise Oversight

OMB: Office of Management and Budget

OMT: Outright Monetary Transactions

OPM: other people's money

OTC: over the counter

OTS: Office of Thrift Supervision

PDCF: Primary Dealer Credit Facility

PIIGS: Portugal, Ireland, Italy, Greece, and Spain

QE: quantitative easing

Repo: repurchase agreement

S&L: savings and loan association

S&P: Standard and Poor's

SEC: Securities and Exchange Commission

Section 13(3): of Federal Reserve Act

SIFI: systemically important financial institution

SIV: structured investment vehicle

SPV: special purpose vehicle

TAF: Term Auction Facility

TALF: Term Asset-Backed Securities Loan Facility

TARP: Troubled Assets Relief Program

TBTF: too big to fail

TED (spread): spread between LIBOR and Treasuries

TIPS: Treasury Inflation-Protected Securities

TLGP: Temporary Liquidity Guarantee Program

TSLF: Term Securities Lending Facility

UMP: unconventional monetary policy

WaMu: Washington Mutual