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...
