Asset Guarantee Program

E383981

The Asset Guarantee Program was a U.S. government initiative under the financial crisis-era TARP framework that provided guarantees on troubled assets to stabilize major financial institutions and restore market confidence.

All labels observed (1)

Label Occurrences
Asset Guarantee Program canonical 1

How this entity was disambiguated

Statements (41)

Predicate Object
instanceOf TARP program
United States government program
financial stabilization program
administeredBy Federal Reserve Board of Governors
surface form: Board of Governors of the Federal Reserve System

Federal Deposit Insurance Corporation
United States Department of the Treasury
surface form: U.S. Department of the Treasury
appliesToPeriod 2008 financial crisis
assetTypeCovered mortgage-related assets
other troubled or illiquid assets
beneficiary Bank of America
surface form: Bank of America Corporation

Citigroup
surface form: Citigroup Inc.
beneficiaryType systemically important financial institutions
country United States of America
surface form: United States
createdInResponseTo collapse of U.S. housing market
widespread losses on mortgage-backed securities
designedTo address uncertainty about asset values on bank balance sheets
complement capital injections under TARP
endTime after stabilization of participating institutions
fundingSource TARP authority under the U.S. Treasury
goal limit taxpayer exposure while supporting financial stability
implementedUnder Office of Financial Stability (historical)
surface form: U.S. Treasury Office of Financial Stability
legalFramework Emergency Economic Stabilization Act of 2008
mechanism provided guarantees on troubled assets
shared losses between government and participating institutions
objective prevent disorderly failure of large financial institutions
support liquidity in financial markets
oversightBy Congressional Oversight Panel
surface form: Congressional Oversight Panel for TARP

United States Congress
surface form: U.S. Congress
partOf Troubled Asset Relief Program
policyArea crisis management
financial regulation
policyType credit guarantee
loss-sharing arrangement
purpose mitigate systemic risk during the 2008 financial crisis
restore market confidence
stabilize major financial institutions
regulatoryContext extraordinary crisis-era intervention
riskTypeCovered credit risk on troubled assets
sector financial sector
startTime 2008
status terminated

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Troubled Asset Relief Program keyProgram Asset Guarantee Program