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Troubled Asset Relief Program
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High Quality Content by WIKIPEDIA articles! The Troubled Asset Relief Program, commonly referred to as TARP, is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis. TARP allows the United States Department of the Treasury to purchase or insure up to $700 billion of "troubled assets", defined as "(A) residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before March 14, 2008, the purchase of which the Secretary determines promotes financial market stability; and (B) any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress."
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786130465247
- Genre Medien & Kommunikation
- Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
- Sprache Englisch
- Anzahl Seiten 152
- Größe H220mm x B220mm
- Jahr 2010
- EAN 9786130465247
- Format Kartonierter Einband
- ISBN 978-613-0-46524-7
- Titel Troubled Asset Relief Program
- Untertitel Subprime Mortgage Crisis, Emergency Economic Stabilization Act of 2008, Public Law 110- 343, United States Department of the Treasury
- Herausgeber Betascript Publishers
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