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The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George W. Bush.
18 sie 2022 · We've included all such money allocated by Congress, both the broader $700 billion TARP bill (later reduced to $475 billion) and the separate bailout of Fannie Mae and Freddie Mac. Read more...
This included detailed information on how TARP money was spent, who received it and on what terms, and how much was recovered. Treasury issues a number of reports related to TARP on different schedules. In this section you will find links to the most frequently-requested reports.
30 sie 2024 · The Troubled Asset Relief Program (TARP) was an initiative created and run by the U.S. Treasury to stabilize the country’s financial system, restore economic growth, and mitigate...
31 gru 2021 · The TARP bailout program authorized $700 billion to bail out banks, AIG, and auto companies. It also helped credit markets and homeowners.
3 paź 2008 · The bank did get TARP money but eventually went under anyway, leading to a taxpayer loss of $60 million. The most active part of the TARP these days is its foreclosure prevention programs.
The authority to make new commitments through TARP ended October 3, 2010, at which time Treasury shifted focus to the orderly wind-down of TARP. As of September 30, 2023, all TARP programs have closed, and there are no remaining troubled assets held by OFS.
