This topic focuses on issues related to the Troubled Asset Relief Program (TARP) under “Emergency Economic Stabilization Act of 2008.” The program was originally intended to purchase bad mortgages, but it changed dramatically.
TARP
FDIC Bank Loss Sharing Program (Update)
A report published by the GAO stated that the U.S. Treasury approved bailouts for 66 weaker banks who had prior known problems. If one has been following our Bank Failure Tracker over the last two years, the data suggests that government has helped a lot more than 66 banks; in fact upwards of 129+ banks have been helped just in 2010 alone. This is called the “loss sharing agreement.” Read More…