U.S. Treasury TARP Program: Highlights for Financial Institutions
On Oct. 14, 2008, the U.S. Department of Treasury announced the Troubled Asset Relief Program, or TARP Program, which is one of several recent government initiatives to improve the strength of financial institutions and enhance market liquidity. Under the TARP Program, the Treasury will purchase up to $250 billion in Senior Preferred stock on standardized terms more fully described in the TARP Program's term sheet. This bulletin will briefly summarize the major aspects of the TARP Program. Continue reading...
On Oct. 14, 2008, the U.S. Department of Treasury announced the Troubled Asset Relief Program, or TARP Program, which is one of several recent government initiatives to improve the strength of financial institutions and enhance market liquidity. Under the TARP Program, the Treasury will purchase up to $250 billion in Senior Preferred stock on standardized terms more fully described in the TARP Program's term sheet. This bulletin will briefly summarize the major aspects of the TARP Program.
As they dig the hole deeper to keep the economy going Keynes and Milton Friedman must being wondering what went wrong and the answer is everything is constantly changing and that includes laws in economics. People are generally conservative especially the older they get and that mean scaring the hell out them with higher gasoline prices which puts the brakes on everything. Expanding the money supply with 700 billion bailout makes households fearful of what next. So they sit on there hands and wait for the signal that its safe to spend again. Meanwhile I will watch the long term effect on the dollar and if inflation dwarfs the household economy to spend on goods and services.
Ken Price