Government Information

Earl Gregg Swem Library

Report on the Troubled Asset Relief Program

Categories: Business/Economics,Financial Crisis/Markets,Govt Finance,Statistics

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/52840-tarp.pdf

Latest report on the program that provided federal funds to prevent the U.S. financial system from collapse in 2008.  Estimates that the costs amount to $33 billion.  While transactions with some financial institutions resulted in a net gain for the government,  assistance to AIG, automobile companies and mortgage closure avoidance accounted for the large costs.  From the Congressional Budget Office