Download or read book Report on the Troubled Asset Relief Program TARP written by Avi Lerner and published by DIANE Publishing. This book was released on 2010-08 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: In October 2008, the Emergency Economic Stabilization Act of 2008 established the Troubled Asset Relief Program (TARP), which authorizes the Department of the Treasury to purchase or insure troubled assets as a way to promote stability in financial markets. Section 202 of that legislation requires a report on those transactions This is the third statutory report on TARP¿s transactions. Charts and tables.

Download or read book Troubled Asset Relief Program TARP written by Timothy G. Massad and published by DIANE Publishing. This book was released on 2011-04 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: October 3, 2010 marked the second anniversary of the creation of TARP and the end of the authority to make new financial commitments. The government now has recovered most of the investments it made in the banks. Taxpayers will likely earn a profit on the investments the government made in banks and AIG, with TARP losses limited to investments in the auto industry and housing programs. Contents of this report: TARP Overview; Stabilization of the Financial Markets; TARP Program Descriptions; Retrospective on the TARP Housing Initiatives; Executive Compensation; U.S. Government as a Shareholder; Accountability and Transparency. Charts and tables. This is a print on demand edition of an important, hard-to-find report.

Download or read book Report on the Troubled Asset Relief Program written by Avi Lerner and published by DIANE Publishing. This book was released on 2010-08 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Oct. 2008, the Emergency Economic Stabilization Act of 2008 established the Troubled Asset Relief Program (TARP), which authorizes the Dept. of the Treasury to purchase or insure troubled assets as a way to promote stability in financial markets. This report on the TARP¿s transactions follows the report that the Office of Mgmt. and Budget (OMB) submitted on Feb. 1, 2010. Contents: (1) Transactions of the TARP: Capital Purchases and Other Support for Financial Institutions; Financial Assistance to Automobile Manufacturers and Related Businesses; Investment Partnerships; Grants to Mitigate Foreclosures; (2) Pending TARP Transactions; (3) Comparison of CBO¿s and OMB¿s Estimates; (4) Changes from CBO¿s January Estimates. Charts and tables.

Download or read book Report on the Troubled Asset Relief Program written by Avi Lerner and published by DIANE Publishing. This book was released on 2011-05 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: In October 2008, the Emergency Economic Stabilization Act of 2008 established the Troubled Asset Relief Program (TARP) to enable the Department of the Treasury to purchase or insure troubled assets as a way to promote stability in financial markets. Section 202 of that legislation requires the Congressional Budget Office (CBO) to prepare a report on those transactions within 45 days of a report issued by the Office of Management and Budget (OMB) on the TARP¿s activities. This fourth statutory report from CBO on the TARP¿s transactions follows the report that OMB submitted to the Congress on October 15, 2010. Charts and tables. This is a print on demand edition of an important, hard-to-find report.

Download or read book Troubled Asset Relief Program TARP written by Baird Webel and published by . This book was released on 2012-11-05 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2009-11 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second report on the Troubled Asset Relief Program (TARP). It follows up on the nine recommendations from a December 2, 2008, report. It also reviews: (1) the nature and purpose of activities that had been initiated under TARP as of January 23, 2009; (2) Treasury's Office of Financial Stability (OFS) hiring and transition efforts, use of contractors, and progress in developing a system of internal control; and (3) preliminary indicators of TARP's performance. To do this work, the auditor reviewed signed agreements and other relevant documentation and met with officials from OFS, contractors, federal agencies, and some participating institutions. Charts and tables.

Download or read book Troubled Asset Relief Program TARP written by A. Nicole Clowers and published by . This book was released on 2013-04-14 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Emergency Economic Stabilization Act of 2008 (EESA) authorized the creation of the Troubled Asset Relief Program (TARP) to address the most severe crisis that the financial system had faced in decades. EESA provided GAO with broad oversight authorities for actions taken under TARP and required that they report at least every 60 days on TARP activities and performance. While the Treasury Dept. has addressed most of GAO’s recommendations, some remain outstanding. This 60-day report describes the status of GAO’s Troubled Asset Relief Program (TARP) recommendations to Treasury as of Feb. 2013. It focuses particularly on two major TARP programs: the Capital Purchase Program (CPP), which supports certain U.S. financial institutions, and Making Home Affordable (MHA), which is a collection of housing programs designed to help homeowners avoid foreclosure. Figure. This is a print on demand report.

Download or read book Troubled Asset Relief Program written by U.s. Government Accountability Office and published by . This book was released on 2017-08-15 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Department of the Treasury's(Treasury) authority to purchase,commit to purchase, or commit toguarantee troubled assets was setto expire on December 31, 2009.This important authority hasallowed Treasury to undertake anumber of programs to helpstabilize the financial system. InDecember 2009, the Secretary ofthe Treasury extended theauthority to October 3, 2010. In ourOctober 2009 report on theTroubled Asset Relief Program(TARP), GAO suggested as part ofa framework for decision makingthat Treasury should coordinatewith relevant federal agencies,communicate with Congress andthe public, and link the decisionsrelated to the next phase of theTARP program to quantitativeanalysis. This report discusses (1)the process Treasury used todecide to extend TARP and theextent of coordination withrelevant agencies and (2) theanalytical framework andquantitative indicators Treasuryused to decide to extend TARP. Tomeet the report objectives, GAOreviewed key documents related tothe decision to extend TARP,interviewed agency officials andanalyzed financial data."

Download or read book Troubled Asset Relief Program written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2009-03 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: On Oct. 3, 2008, the Emergency Economic Stabilization Act was signed into law. The act established the Office of Financial Stability (OFS) and authorized the Troubled Asset Relief Program (TARP). This report reviews: (1) the activities that have been undertaken through TARP as of Nov. 25, 2008; (2) the structure of OFS, its use of contractors, and its system of internal controls; and (3) preliminary indicators of TARP¿s performance. Plans are to continue to monitor these and other issues including future and ongoing capital purchases, other transactions undertaken as part of TARP (e.g., capital purchases in Citigroup and AIG), and the status of other aspects of TARP. Includes recommendations. Tables and graphs.

Download or read book Troubled Asset Relief Program TARP Treasury Continues to Face Implementation Challenges and Data Weaknesses in Its Making Home Affordable Program written by and published by DIANE Publishing. This book was released on with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program Status of Efforts to Address Transparency and Accountability Issues written by Richard J. Hillman and published by DIANE Publishing. This book was released on 2010-02 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the Troubled Asset Relief Program (TARP), under which the Dept. of the Treasury has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions. The Act that authorized TARP on Oct. 3, 2008, requires a report at least every 60 days on findings resulting from oversight of the actions taken under TARP. This testimony is based primarily on a Jan. 30, 2009 report, the second under the act's mandate, which covers the actions taken as part of TARP through Jan. 23, 2009, and follows up on the 9 recommendations made in a Dec. 2, 2008 report. This testimony also provides additional information on some recent developments related to TARP, including Treasury's new financial stability plan. Tables.

Download or read book Troubled Asset Relief Program written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2010 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the eighth report assessing the Troubled Asset Relief Program's (TARP) impact over the last year. Specifically, it addresses: (1) the evolution of TARP's strategy and the status of TARP programs as of September 25, 2009; (2) the Department of the Treasury's (Treasury) progress in creating an effective management structure, including hiring for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) indicators of TARP's performance that could help Treasury decide whether to extend the program. The author reviewed relevant documentation and met with officials from OFS, contractors, and financial regulators. Charts and tables.

Download or read book Troubled Asset Relief Program written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2009-12 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third report on the Troubled Asset Relief Program (TARP) follows up on recommendations from the Jan. 28, 2009, report. It also reviews: (1) the nature and purpose of activities that had been initiated under TARP as of March 27, 2009; (2) the Office of Financial Stability's hiring efforts, use of contractors, and progress in developing an internal control system; and (3) TARP performance indicators. As of March 27, 2009, Treasury had disbursed $303.4 billion of the $700 billion in TARP funds. Most of the funds (almost $199 billion) went to purchase preferred shares of 532 financial institutions under the Capital Purchase Program (CPP), Treasury's primary vehicle under TARP for stabilizing financial markets. Includes recommend. Charts.

Download or read book Troubled Asset Relief Program Status of Efforts to Address Transparency and Accountability Issues written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2010 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the Troubled Asset Relief Program (TARP), under which the Dept. of the Treasury has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions through its Office of Financial Stability. Treasury was granted this authority in response to the financial crisis that has threatened the stability of the U.S. banking system and the solvency of numerous financial institutions. This testimony is based primarily on a March 31, 2009 report -- the third under the act's mandate, which covers the actions taken as part of TARP through March 27, 2009, and follows up on the recommendations made in previous reports. Charts and tables.

Download or read book TARP in the Crosshairs written by Paul W. O'Byrne and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on TARP, the Troubled Asset Relief Program that was signed into law under the Emergency Economic Stabilization Act on October 3, 2008. The act established the Office of Financial Stability (OFS) within the Department of the Treasury and authorised the Troubled Asset Relief Program (TARP). Among other things, the act provides Treasury with broad, flexible authorities to buy or guarantee up to $700 billion in "troubled assets," which include mortgages and mortgage-related instruments, and any other financial instrument whose purchase Treasury determines is needed to stabilise the financial markets. The act also created a number of mechanisms to oversee the implementation and operations of TARP. The U.S. Comptroller General is required to report at least every 60 days on findings resulting from oversight of TARP's performance in meeting the purposes of the act; the financial condition and internal controls of TARP, its representatives, and agents; TARP's efficiency in using the funds appropriated for the programs' operation; TARP's compliance with applicable laws and regulations and minimising conflicts of interest of those involved in TARP's operations and the efficacy of contracting procedures. This book consists of public domain documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.

Download or read book Troubled Asset Relief Program written by U.s. Government Accountability Office and published by . This book was released on 2017-08-04 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Emergency Economic Stabilization Act of 2008 authorized the Department of the Treasury (Treasury) to create the Troubled Asset Relief Program (TARP), a $700 billion program designed to restore the liquidity and stability of the financial system. The act also requires that GAO report every 60 days on TARP activities. This report examines (1) the condition and status of TARP programs; (2) Treasury's management of TARP operations, including staffing for the Office of Financial Stability (OFS) and oversight of contractors and financial agents; and (3) what is known about the direct and indirect costs of TARP. To do this work, GAO analyzed audited financial data for various TARP programs; reviewed documentation such as program terms and internal decision memos; analyzed TARP cost estimates from the Congressional Budget Office (CBO), the Office of Management and Budget, and Treasury; and interviewed CBO and OFS officials."

Download or read book Government Bailout written by Adelaide D. Lefebvre and published by Nova Science Pub Incorporated. This book was released on 2010 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Troubled Asset Relief Program ("TARP") represents a massive and unprecedented investment of taxpayer money designed to stabilise the financial industry and promote economic recovery. The long-term success of the program is not assured. Success -- or failure -- will depend on whether the Department of the Treasury has spent, and will spend in the future, that massive investment wisely and efficiently to attain the program's goals. While it is too early to draw any conclusions on that ultimate issue, this assessment must necessarily begin with an understanding of what the Treasury has done thus far. The goal of this book is to present a ready reference on what TARP is and how it has been used, at least for the first $350 billion authorised as of January 23, 2009. This book consists of public domain documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.