This excerpt taken from the C 8-K filed Sep 30, 2008.
The U.S. governments proposed plan to purchase large amounts of illiquid, mortgage-backed and other securities from financial institutions may not be adopted.
In response to the financial crises affecting the banking system and financial markets and the going concern threats to the ability of investment banks and other financial institutions, the U.S. Treasury Secretary Henry Paulson proposed the Troubled Asset Relief Program (TARP) on September 20, 2008. Pursuant to the TARP, the U.S. Treasury would have the authority to purchase up to $700 billion of mortgage-backed and other securities from financial institutions for the purpose of stabilizing the financial
markets. As of September 29, 2008, the U.S. House of Representatives had voted against TARP, while the U.S. Senate was considering the proposed legislation. There can be no assurance as to when or if the proposed legislation, or similar legislation, will be adopted, and if adopted, what impact it will have on the financial markets, including the extreme levels of volatility currently being experienced. The failure of the U.S. government to adopt TARP or a similar program could have a material adverse effect on the financial markets, which in turn could materially and adversely affect our business, financial condition and results of operations.