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Troubled Asset Relief Program (TARP)

Author : Timothy G. Massad

Publisher : DIANE Publishing

Page : 98 pages

File Size : 47,42 MB

Release : 2011-04

Category : Business & Economics

ISBN : 1437940986

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Book Description

October 3, 2010 marked the second anniversary of the creation of TARP and the end of the authority to make new financial commitments. The government now has recovered most of the investments it made in the banks. Taxpayers will likely earn a profit on the investments the government made in banks and AIG, with TARP losses limited to investments in the auto industry and housing programs. Contents of this report: TARP Overview; Stabilization of the Financial Markets; TARP Program Descriptions; Retrospective on the TARP Housing Initiatives; Executive Compensation; U.S. Government as a Shareholder; Accountability and Transparency. Charts and tables. This is a print on demand edition of an important, hard-to-find report.



Report on the Troubled Asset Relief Program (TARP)

Author : Avi Lerner

Publisher : DIANE Publishing

Page : 16 pages

File Size : 10,42 MB

Release : 2010-08

Category : Political Science

ISBN : 1437931596

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Book Description

In October 2008, the Emergency Economic Stabilization Act of 2008 established the Troubled Asset Relief Program (TARP), which authorizes the Department of the Treasury to purchase or insure troubled assets as a way to promote stability in financial markets. Section 202 of that legislation requires a report on those transactions This is the third statutory report on TARP¿s transactions. Charts and tables.



Government Bailout

Author : Adelaide D. Lefebvre

Publisher : Nova Science Pub Incorporated

Page : 190 pages

File Size : 42,33 MB

Release : 2010

Category : Political Science

ISBN : 9781607415688

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Book Description

The Troubled Asset Relief Program ("TARP") represents a massive and unprecedented investment of taxpayer money designed to stabilise the financial industry and promote economic recovery. The long-term success of the program is not assured. Success -- or failure -- will depend on whether the Department of the Treasury has spent, and will spend in the future, that massive investment wisely and efficiently to attain the program's goals. While it is too early to draw any conclusions on that ultimate issue, this assessment must necessarily begin with an understanding of what the Treasury has done thus far. The goal of this book is to present a ready reference on what TARP is and how it has been used, at least for the first $350 billion authorised as of January 23, 2009. This book consists of public domain documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.



Troubled Asset Relief Program (Tarp)

Author : Baird Webel

Publisher : CreateSpace

Page : 30 pages

File Size : 23,80 MB

Release : 2014-10-31

Category :

ISBN : 9781503009325

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Book Description

The Troubled Asset Relief Program (TARP) was created by the Emergency Economic Stabilization Act1 (EESA) enacted on October 3, 2008. EESA was passed by Congress and signed by President George W. Bush to address an ongoing financial crisis that reached near-panic proportions in September 2008.





Troubled Asset Relief Program

Author : Gene L. Dodaro

Publisher : DIANE Publishing

Page : 72 pages

File Size : 50,43 MB

Release : 2009-03

Category : Business & Economics

ISBN : 1437911242

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Book Description

On Oct. 3, 2008, the Emergency Economic Stabilization Act was signed into law. The act established the Office of Financial Stability (OFS) and authorized the Troubled Asset Relief Program (TARP). This report reviews: (1) the activities that have been undertaken through TARP as of Nov. 25, 2008; (2) the structure of OFS, its use of contractors, and its system of internal controls; and (3) preliminary indicators of TARP¿s performance. Plans are to continue to monitor these and other issues including future and ongoing capital purchases, other transactions undertaken as part of TARP (e.g., capital purchases in Citigroup and AIG), and the status of other aspects of TARP. Includes recommendations. Tables and graphs.



Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues

Author : Gene L. Dodaro

Publisher : DIANE Publishing

Page : 16 pages

File Size : 46,9 MB

Release : 2010

Category : Business & Economics

ISBN : 1437914705

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Book Description

Discusses the Troubled Asset Relief Program (TARP), under which the Dept. of the Treasury has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions through its Office of Financial Stability. Treasury was granted this authority in response to the financial crisis that has threatened the stability of the U.S. banking system and the solvency of numerous financial institutions. This testimony is based primarily on a March 31, 2009 report -- the third under the act's mandate, which covers the actions taken as part of TARP through March 27, 2009, and follows up on the recommendations made in previous reports. Charts and tables.



Taking Stock of the Troubled Asset Relief Program (TARP)

Author : Alyssa L. Keegan

Publisher :

Page : 0 pages

File Size : 31,42 MB

Release : 2010

Category : Economic assistance, Domestic

ISBN : 9781617283024

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Book Description

The financial crisis that gripped the U.S. in 2008 was unprecedented in type and magnitude. It began with an asset bubble in housing, expanded in the sub-prime mortgage crisis, escalated into a severe freeze-up of the inter-bank lending market, and culminated in intervention by the U.S. and other industrialised countries to rescue their banking systems. The centrepiece of the federal government's response to the financial crisis was the Emergency Economic Stabilization Act of 2008 (EESA), which authorised the Treasury Secretary to establish the $700 billion Troubled Asset Relief Program (TARP) and created the Congressional Oversight Panel to oversee the TARP. This book examines the Congressional Oversight Panel's assessment of TARPS's progress at the end of its first full year existence, and reviews what TARP has accomplished to date and explores where it has fallen short.



Troubled Asset Relief Program

Author : U.s. Government Accountability Office

Publisher :

Page : 56 pages

File Size : 15,25 MB

Release : 2017-08-15

Category :

ISBN : 9781974591992

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Book Description

"The Department of the Treasury's(Treasury) authority to purchase,commit to purchase, or commit toguarantee troubled assets was setto expire on December 31, 2009.This important authority hasallowed Treasury to undertake anumber of programs to helpstabilize the financial system. InDecember 2009, the Secretary ofthe Treasury extended theauthority to October 3, 2010. In ourOctober 2009 report on theTroubled Asset Relief Program(TARP), GAO suggested as part ofa framework for decision makingthat Treasury should coordinatewith relevant federal agencies,communicate with Congress andthe public, and link the decisionsrelated to the next phase of theTARP program to quantitativeanalysis. This report discusses (1)the process Treasury used todecide to extend TARP and theextent of coordination withrelevant agencies and (2) theanalytical framework andquantitative indicators Treasuryused to decide to extend TARP. Tomeet the report objectives, GAOreviewed key documents related tothe decision to extend TARP,interviewed agency officials andanalyzed financial data."



Troubled Asset Relief Program

Author : Gene L. Dodaro

Publisher : DIANE Publishing

Page : 112 pages

File Size : 48,45 MB

Release : 2009-11

Category : Business & Economics

ISBN : 1437913008

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Book Description

This is the second report on the Troubled Asset Relief Program (TARP). It follows up on the nine recommendations from a December 2, 2008, report. It also reviews: (1) the nature and purpose of activities that had been initiated under TARP as of January 23, 2009; (2) Treasury's Office of Financial Stability (OFS) hiring and transition efforts, use of contractors, and progress in developing a system of internal control; and (3) preliminary indicators of TARP's performance. To do this work, the auditor reviewed signed agreements and other relevant documentation and met with officials from OFS, contractors, federal agencies, and some participating institutions. Charts and tables.