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Author: United States. Congressional Oversight Panel
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
Author: United States. Congressional Oversight Panel
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
Author: Timothy G. Massad
Publisher: DIANE Publishing
ISBN: 1437940986
Category : Business & Economics
Languages : en
Pages : 98
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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.
Author: Martin Y. Perkins
Publisher:
ISBN: 9781607413592
Category : Economic stabilization
Languages : en
Pages : 0
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Book Description
The current financial instability became widely apparent in the credit markets in August 2007. Although initially thought to be limited to sub-prime mortgages, increasing defaults on prime mortgages caused losses that rippled through the financial system. The effects have been particularly severe because U.S. mortgage-backed securities (MBS) had previously been viewed as low risk investments. Beginning in early 2008, multiple failures in large financial institutions prompted case-by-case government interventions to address these failures. Dissatisfaction with these ad hoc responses was cited by the Treasury in proposing a broader response focusing on government purchase of trouble mortgage-related assets, hoping to stem uncertainty and fear by removing these assets from the financial system. In early October 2008, Congress passed, and the President signed, the Emergency Economic Stabilization Act of 2008, creating the Troubled Assets Relief Program (TARP). This book briefly introduces aspects of the current financial instability. Following this, it outlines the Emergency Economic Stabilization Act (EESA) legislation and the steps that Treasury has taken to implement EESA. Also examined with a more in-depth analysis of the current financial instability are the potential causes of the financial instability, some sources of the current instability, and how financial instability may spill over into the broader economy.
Author: Gene L. Dodaro
Publisher: DIANE Publishing
ISBN: 1437924042
Category : Business & Economics
Languages : en
Pages : 112
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Book Description
This is the eighth report assessing the Troubled Asset Relief Program's (TARP) impact over the last year. Specifically, it addresses: (1) the evolution of TARP's strategy and the status of TARP programs as of September 25, 2009; (2) the Department of the Treasury's (Treasury) progress in creating an effective management structure, including hiring for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) indicators of TARP's performance that could help Treasury decide whether to extend the program. The author reviewed relevant documentation and met with officials from OFS, contractors, and financial regulators. Charts and tables.
Author: Elizabeth Warren
Publisher: DIANE Publishing
ISBN: 1437930549
Category : Business & Economics
Languages : en
Pages : 200
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Author: Avi Lerner
Publisher: DIANE Publishing
ISBN: 1437931596
Category : Political Science
Languages : en
Pages : 16
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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.
Author: Adam S. Posen
Publisher: Peterson Institute for International Economics
ISBN: 0881327433
Category : Business & Economics
Languages : en
Pages : 315
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Book Description
A special series outlining policy priorities and solutions in 2021 by the Peterson Institute for International Economics.
Author: United States. Congressional Oversight Panel
Publisher: Government Printing Office
ISBN:
Category : Economic stabilization
Languages : en
Pages : 136
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Book Description
NOTE: NO FURTHER DISCOUNT FOR THIS PRINT PRODUCT-- OVERSTOCK SALE -- Significantly reduced list price The Congressional Oversight Panel's 30th and final oversight report describes the financial crisis, summarizes and updates the Panel's prior oversight reports, and evaluates federal financial stabilization initiatives. In order to evaluate the TARP s impact, one must first recall the extreme fear and uncertainty that infected the financial system in late 2008. The stock market had endured triple digit swings. Major financial institutions, including Bear Stearns, Fannie Mae, Freddie Mac, and Lehman Brothers, had collapsed, sowing panic throughout the financial markets. The economy was hemorrhaging jobs, and foreclosures were escalating with no end in sight. Federal Reserve Chairman Ben Bernanke has said that the nation was on course for ?a cataclysm that could have rivaled or surpassed the Great Depression. As the TARP evolved, Treasury found its options increasingly constrained by public anger about the program. The TARP is now widely perceived as having restored stability to the financial sector by bailing out Wall Street banks and domestic automotive manufacturers while doing little for the 13.9 million workers who are unemployed, the 2.4 million homeowners who are at immediate risk of foreclosure, or the countless families otherwise struggling to make ends meet. It is now clear that, although America has endured a wrenching recession, it has not experienced a second Great Depression. The TARP does not deserve full credit for this outcome, but it provided critical support to markets at a moment of profound uncertainty. It achieved this effect in part by providing capital to banks but, more significantly, by demonstrating that the United States would take any action necessary to prevent the collapse of its financial system.
Author: Orice Williams Brown
Publisher: DIANE Publishing
ISBN: 1437944973
Category : Reference
Languages : en
Pages : 119
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Book Description
Since the Troubled Asset Relief Program (TARP) was implemented, GAO has issued more than 40 reports containing more than 60 recommendations to the Treasury Dept. (Treasury). This report assesses the status of Treasury's implementation of these recommendations and current condition of TARP. Specifically, this report provides info. on; (1) the condition and status of active TARP programs; (2) Treasury's progress in implementing an effective management structure, including staffing for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) trends in the status of key relevant economic indicators. Illus. A print on demand report.
Author:
Publisher:
ISBN: 9781621005087
Category : Economic stabilization
Languages : en
Pages : 167
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Book Description
