Finally, the Treasury recently announced a program to assist banks and other lenders in finding markets for their "legacy assets" – that is, real estate-related assets that were accumulated during the housing boom and have since declined in value and become relatively illiquid.
4  See, for instance, Adrian, T. and M. Brunnermeier, “CoVaR” (2008), Federal Reserve Bank of New York Staff Reports, No 348, September; Acharya, V.V., L.H. Pedersen, T. Philippon and M. Richardson (2010), “Measuring Systemic Risk”, New York University Working Paper; Brownlees, C.T. and R.F. Engle (2010), “Volatility, Correlation and Tails for Systemic Risk Measurement”, New York University Working Paper.