Primary Sources

PrintPrint EmailEmail ShareShare CiteCite
Style:MLAAPAChicagoClose

loading...

Troubled Assets Relief Program (TARP)

Published October 3, 2008

A main portion of the United States' $700 billion bailout plan, TARP gives the Secretary of the Treasury the right to buy troubled assets, purchase/insure securities and mortgages, and (in conjunction with the Chairman of the Board of Governors of the Federal Reserve) purchase other financial instruments when necessary to stabililize markets. It was authorized on October 3, 2008 when the Emergency Economic Stabilization Act was signed into law.

 

 

More on This Topic

Op-Ed

Born in 1988? Sorry.

Author: Peter R. Orszag
Bloomberg.com

Peter R. Orszag writes that being born 20 years before a time of high unemployment can keep your earnings relatively low—and erode your...

Op-Ed

Politics-Proof Economies?

Authors: David Brady and A. Michael Spence
Project Syndicate

A. Michael Spence and David Brady argue that reformers facing tough constraints on fiscal policy can have a bigger impact on growth by...

Foreign Affairs Article

Blind Oracle

Author: Richard Katz

In his recent essay "Never Saw It Coming" (November/December 2013), Alan Greenspan makes two central arguments: first, that virtually no one...