Treasury Seeks EESA Asset Managers

The government is looking for vendors to help it handle the stocks, bonds and warrants it buys from troubled financial institutions.

The Treasury Department has posted a solicitation seeking financial agents to manage securities acquired through programs established under the Emergency Economic Stabilization Act.

Officials note that the securities management agents will not be responsible for handling troubled mortgage loans or troubled mortgage-backed securities, because other managers will handle those assets.

U.S.-based insurers and other U.S.-based financial services companies are eligible to apply.