TARP and the restoration of U.S. financial stability

著者

    • Perkins, Martin Y

書誌事項

TARP and the restoration of U.S. financial stability

Martin Y. Perkins, editor

（Financial institutions and services）

Nova Science, c2010

  • : hbk

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注記

Includes bibliograpical references and index

内容説明・目次

内容説明

The current financial instability became widely apparent in the credit markets in August 2007. Although initially thought to be limited to sub-prime mortgages, increasing defaults on prime mortgages caused losses that rippled through the financial system. The effects have been particularly severe because U.S. mortgage-backed securities (MBS) had previously been viewed as low risk investments. Beginning in early 2008, multiple failures in large financial institutions prompted case-by-case government interventions to address these failures. Dissatisfaction with these ad hoc responses was cited by the Treasury in proposing a broader response focusing on government purchase of trouble mortgage-related assets, hoping to stem uncertainty and fear by removing these assets from the financial system. In early October 2008, Congress passed, and the President signed, the Emergency Economic Stabilization Act of 2008, creating the Troubled Assets Relief Program (TARP). This book briefly introduces aspects of the current financial instability. Following this, it outlines the Emergency Economic Stabilization Act (EESA) legislation and the steps that Treasury has taken to implement EESA. Also examined with a more in-depth analysis of the current financial instability are the potential causes of the financial instability, some sources of the current instability, and how financial instability may spill over into the broader economy.

目次

  • Preface
  • Emergency Economic Stabilization Act and Current Financial Turmoil
  • Financial Turmoil: Comparing the Troubled Asset Relief Program to the Federal Reserve's Response
  • Press Release 12/3/08: Barney Frank Statement on GAO Report
  • Questions About Emergency Economic Stabilization Funds
  • Special Inspector General for TARP
  • TARP Efforts to Address Defaults and Foreclosures
  • TARP Additional Actions Needed to Better Ensure Integrity, Accountability, and Transparency
  • TARP Hearing -- Kashkari Testimony
  • TARP Treasury Report to Congress
  • Troubled Asset Relief Program
  • Index

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