Troubled Asset Relief Program (TARP): Treasury Department Continues to Wind Down Most Programs, but Housing Programs Remain Active

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Our Price: $25.00

By A. Nicole Clowers (au)
Year: 2015
Pages: 55
Binding Paperback
ISBN 978-1-4578-6606-4

Product Code: 1457866064

Description

The Emergency Economic Stabilization Act of 2008 (EESA) authorized the Treasury Department (Treasury) to create the Troubled Asset Relief Program (TARP), designed to restore liquidity and stability to the U.S. financial system and to preserve homeownership by assisting borrowers struggling to make their mortgage payments. Congress reduced the initial authorized amount of $700 billion to $475 billion as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. EESA also required a report every 60 days on TARP activities in the financial and mortgage sectors. This report provides an update on the condition of all TARP programs äóî nonhousing and housing äóî as of September 30, 2014. Table and figures. This is a print on demand report.

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