Posted on November 26, 2008 by Joseph M. Wallin

SEC Staff Guidance for Financial Institution TARP Participants Filing Proxy Statements

 "On October 3, 2008, the President signed the Emergency Economic Stabilization Act of 2008 (EESA), which established the Troubled Asset Relief Program (TARP). The United States Department of Treasury is responsible for establishing and administering the TARP. As part of the TARP, Treasury established the Capital Purchase Program (CPP) to provide funding to eligible financial institutions. To participate, a financial institution that receives preliminary approval for the CPP must enter into an agreement to issue certain securities to the Treasury. For additional information regarding the EESA, the TARP, and the requirements for participation in the CPP, seehttp://www.treasury.gov/initiatives/eesa/."

More here.

Tags: ,
Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.corpfinblog.com/admin/trackback/121661
Comments (0) Read through and enter the discussion with the form at the end
Post A Comment / Question Use this form to add a comment to this entry.







Remember personal info?
Send To A Friend Use this form to send this entry to a friend via email.