The $700 billion TARP legislation (Troubled Asset Relief Program) that was signed into law by
President George Bush on 10/03/08 included $245 billion that was paid to US banks. This was the start of a series of initiatives to strengthen market stability, improve the strength of financial institutions, and enhance market liquidity.
As of March 2010 - $168 billion of the $245 billion (or 69%) has been repaid by the banks.
(source: TARP).
Sunday, June 6, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment