Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Sameer Gokhale -Keefe, Bruyette & Woods. Please proceed.
Sameer Gokhale - Keefe, Bruyette & Woods
Thank you. I just had a question again any about your expected impact of the stimulus bill, now that’s been passed. The origination were little bit light this quarter, do you expect more of a ramp up in that in coming quarters based on what is in the stimulus bill for infrastructure spending?
Paul Sinsheimer
Thanks for the question, Sameer. It’s a fair question. I’m not sure I know what to expect out of what has been recently announced in Washington. Things seems to be changing quickly, it doesn’t appear that the capital markets at least have embraced what the administration has announced that they’re going to do and I would strongly believe whether I was talking about Financial Federal or for that matter any business. While this negative sentiment continues to overwhelm us it’s hard to be positive about much including our business.
Sameer Gokhale - Keefe, Bruyette & Woods
Okay and then, as far as the TALF program that was recently announced, would you try to fund some of your originations through that just to test the waters a little bit or at this time are you not interested in using the TALF for funding at all.
Paul Sinsheimer
This is recent news that we just learned about yesterday. It’s almost a little premature for me to attempting answer that other than to shoot from the hip and tell you of course we are interested in it, but like most of these types of programs the devil will be in the details and until we see the details I can’t give you a clear sense of our direction. Obviously we are encouraged by that announcement, but we don’t know enough about that yet to respond.
Sameer Gokhale - Keefe, Bruyette & Woods
Okay. That’s fair enough and I guess my last question and I’ll hop back into the queue. I know you talked previously about looking potentially buying a bank and you’re evaluating that pretty seriously. I was just wondering if there is any more clarity on that or are you any closer to buying a bank to hit your liquidity further bolster that or is that something that’s just been shelved for now?
Paul Sinsheimer
Well, obviously that is among the items we have discussed in the past. I will say that we are continuing down the path exploring a deposit funding mechanism to provide liquidity to the company. I don’t have anything meaningful to report to you on that effort other than to tell you that it is moving forward and obviously when we do have something to tell you, we will report it.
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