Troubled Asset Relief Program

E79682

The Troubled Asset Relief Program (TARP) was a U.S. government bailout initiative launched in 2008 to stabilize the financial system by purchasing or guaranteeing troubled assets and injecting capital into struggling institutions.

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All labels observed (8)

Statements (50)

Predicate Object
instanceOf United States federal government program
financial bailout program
administeredBy Office of Financial Stability (historical)
surface form: Office of Financial Stability
appliesToJurisdiction United States of America
appliesToSector automotive industry
banking
housing finance
insurance industry
authorizedBy United States Congress
country United States of America
surface form: United States
criticizedFor moral hazard concerns
perceived favoritism toward large financial institutions
endTime 2014
enforcedBy United States Department of the Treasury
fundingSource U.S. Treasury borrowing
hasPurpose prevent systemic collapse of major financial institutions
restore liquidity and capital to financial markets
stabilize the U.S. financial system
support housing and mortgage markets
inception 2008
initialStrategy purchase troubled mortgage-related assets
keyProgram Asset Guarantee Program
Automotive Industry Financing Program
Capital Purchase Program
Home Affordable Modification Program
Public-Private Investment Program
Targeted Investment Program
legislatedBy Emergency Economic Stabilization Act of 2008
legislativeStatus expired program
mainRegulatoryText Emergency Economic Stabilization Act of 2008
maximumAuthorizedAmount 700000000000 USD
notablePresidentDuringContinuation Barack Obama
notablePresidentDuringImplementation George W. Bush
notableRecipient AIG
surface form: American International Group

Bank of America
Chrysler
Citigroup
General Motors
oversightBody Congressional Oversight Panel
Government Accountability Office
Special Inspector General for the Troubled Asset Relief Program
praisedFor preventing potential collapse of major banks
stabilizing financial markets during the 2008 crisis
reducedAuthorizedAmount 475000000000 USD
relatedToEvent 2007–2008 financial crisis
2008 United States housing and financial crisis
surface form: Great Recession
repaymentOutcome most funds were repaid with interest and dividends
revisedStrategy inject capital directly into financial institutions
shortName Troubled Asset Relief Program self-linksurface differs
surface form: TARP
startTime October 2008

Referenced by (25)

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

U.S. auto industry crisis of 2008–2010 programUsed Troubled Asset Relief Program
2008 United States housing and financial crisis majorEvent Troubled Asset Relief Program
this entity surface form: TARP bailout program
Office of Financial Stability (historical) programAdministered Troubled Asset Relief Program
this entity surface form: TARP Capital Purchase Program
Office of Financial Stability (historical) programAdministered Troubled Asset Relief Program
this entity surface form: TARP Capital Assistance Program
Office of Financial Stability (historical) programAdministered Troubled Asset Relief Program
this entity surface form: TARP Public-Private Investment Program
Office of Financial Stability (historical) programAdministered Troubled Asset Relief Program
this entity surface form: TARP Asset Guarantee Program
Presidential Task Force on the Auto Industry useOfFunds Troubled Asset Relief Program
Troubled Asset Relief Program shortName Troubled Asset Relief Program self-linksurface differs
this entity surface form: TARP
Automotive Industry Financing Program partOf Troubled Asset Relief Program
Great Recession recovery hasKeyPolicy Troubled Asset Relief Program
Public Law 110-343 authorizesProgram Troubled Asset Relief Program
Public Law 110-343 hasSection Troubled Asset Relief Program
this entity surface form: Title I – Troubled Assets Relief Program
Congressional Oversight Panel monitors Troubled Asset Relief Program
Helping Families Save Their Homes Act of 2009 relatedTo Troubled Asset Relief Program
Capital Purchase Program partOf Troubled Asset Relief Program
Capital Purchase Program authorizedUnderProgram Troubled Asset Relief Program
Targeted Investment Program relatedTo Troubled Asset Relief Program
Asset Guarantee Program partOf Troubled Asset Relief Program
Public-Private Investment Program usesFundingFrom Troubled Asset Relief Program
Home Affordable Modification Program fundedBy Troubled Asset Relief Program
AIFP partOf Troubled Asset Relief Program