Taking stock of the Troubled Asset Relief Program (TARP) / Alyssa L. Keegan, editor.

Format:

Book

Contributor:

Keegan, Alyssa L., editor.

Series:

Global economic studies.

Global Economic Studies

Language:

English

Subjects (All):

Troubled Asset Relief Program (U.S.)--Evaluation.

Troubled Asset Relief Program (U.S.).

Economic stabilization--United States.

Economic stabilization.

Economic assistance, Domestic--United States--Evaluation.

Economic assistance, Domestic.

Physical Description:

1 online resource (218 p.)

Place of Publication:

New York : Nova Science Publishers, Inc., 2010.

Summary:

Examines the Congressional Oversight Panel's assessment of Troubled Asset Relief Program's (TARP's) progress at the end of its first full year existence, and reviews what TARP has accomplished and explores where it has fallen short.

Contents:

TAKING STOCK OF THE TROUBLED ASSET RELIEF PROGRAM (TARP); TAKING STOCK OF THE TROUBLED ASSET RELIEF PROGRAM (TARP); CONTENTS; PREFACE; Chapter 1 DECEMBER OVERSIGHT REPORT - "TAKING STOCK: WHAT HAS THE TROUBLED ASSET RELIEF PROGRAM ACHIEVED?"; GLOSSARY OF TERMS; EXECUTIVE SUMMARY; SECTION ONE; A. Overview; B. Background on the Origins and Evolution of the TARP; 1. Chronology of the Financial Crisis; 2. The Initial Federal Response to the Crisis; C. The TARP's Evolution; 1. Capital Programs and Banking Sector Health; a. Background; i. Capital Purchase Program

ii. Exceptional Assistance Programsiii. Public-Private Investment Program; iv. Total Government Funding for Financial Institutions; b. Health of Banking Sector; i. Bank Capital Levels; ii. Bank Capital Raising; iii. Borrowing by Financial Institutions; iv. Market Perception of Banks' Health; c. Macro Indicators of the Health of the Banking Sector; i. Lending by Financial Institutions; ii. Bank Failures; iii. Bank Consolidation; d. Summary; 2. Credit for Consumers and Small Business; a. Asset Securitization - The Term Asset-Backed Securities Loan Facility; b. Loans to Small Business

c. Impact of Small Business Program3. Mortgage Foreclosure Relief; a. Background; b. Impact; 4. Auto Industry Assistance; a. Background; b. Impact; 5. The TARP as a Whole; a. Background; b. Accounting for the TARP and Other Financial Stabilization Programs; i. TARP's Balance Sheet; c. The TARP in the Context of Other Federal Government Stabilization Efforts; d. TARP Repayments and Income; e. The TARP's Impact on the Federal Budget and the Deficit; f. Relevant Macroeconomic Indicators; i. Credit Risk; ii. Credit to Businesses; iii. Housing Sector; iv. Commercial Real Estate

D. Expert Commentary on the TARP1. Consistency and Transparency; 2. Underlying Issues; 3. Moral Hazard; E. Accomplishments and Shortcomings: How Well Has the TARP Done in Meeting its Statutory Objectives?; 1. TARP's Contribution to Financial Stabilization and Economic Recovery; 2. The TARP and the American Taxpayer; 3. Treasury as TARP Steward and Manager; F. Conclusions; SECTION TWO: ADDITIONAL VIEWS; A. Damon Silvers; B. Richard Neiman; 1. TARP Has Significantly Improved the Stability of the Financial System

2. Formidable Problems Remain in the General Economy, Particularly with Respect to Mounting Foreclosures3. The Risk of Moral Hazard Goes Well Beyond the Implementation of TARP; 4. Going Forward - Reform of Financial Institutions Must Be Considered; 5. Conclusion; C. Representative Jeb Hensarling; Executive Summary; A. Overview; B. Primary Cause of the Financial Crisis; C. Analysis of the TARP; 1. Stabilization of U.S. Financial System; 2. Lending; 3. Taxpayer Protection; 4. Systemic, Implicit Guarantee and Moral Hazard Risks; 5. Political Risk; 6. Transparency and Accountability

7. Financial Stability v. Economic Stimulus

Notes:

Description based upon print version of record.

Includes bibliographical references at the end each chapters and index.

Description based on print version record.

ISBN:

1-61728-689-3