Word: tarp
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Dates: during 2000-2009
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...TARP Eligible banks will be permitted to access capital remaining in the $700 billion Troubled Asset Relief Program. Recipients will be required to show how the funds would promote new lending...
...argument over the Treasury Department's use of new TARP funds and other stimuli focused a great deal on putting $500 billion into propping up banks and another $1 trillion into freeing up credit. Some media outlets put the total number closer to $2 trillion. The truth is there are so many moving parts in the programs that it is easy to see how even the most sophisticated observers might miss a detail...
...addition to getting private equity involved, some of the money from the remaining TARP capital may go to mortgage relief. According to MarketWatch, "The Treasury Department also is expected to use between $50 billion and $100 billion of the bank bailout program to fund a mortgage-mitigation proposal to help troubled homeowners avoid foreclosure." How does that series of programs get administered? No one knows...
...them are going to agree with me—and that’s precisely the point,” said Obama, according to his transcribed remarks. Feldstein also serves as a director of American International Group, an international insurance company which received billions in government funding from the TARP bailout approved by Congress last summer. —Staff writer Elyssa A. L. Spitzer can be reached at spitzer@fas.harvard.edu. —Staff writer Noah S. Rayman can be reached at nrayman@fas.harvard.edu...
...Given what's about to unfold, a smooth ride would be nothing short of heroic. The President has to push his $800 billion stimulus measure through a potentially ornery House-Senate conference, firm up support for a wildly unpopular financial reform package known as TARP 2, and find a replacement for Tom Daschle, who took himself out of the running for health care czar last week amid revelations of unpaid taxes...