1.

Record Nr.

UNINA9910826353003321

Titolo

Assessing Treasury's strategy [[electronic resource] ] : six months of TARP / / Jarod R. Acosto, editor

Pubbl/distr/stampa

New York, : Nova Science Publishers, c2010

ISBN

1-61324-176-3

Edizione

[1st ed.]

Descrizione fisica

1 online resource (179 p.)

Collana

Global recession--causes, impacts and remedies

Altri autori (Persone)

AcostoJarod R

Disciplina

332.4/15

Soggetti

Economic stabilization - United States

Industrial policy - United States

Economic assistance, Domestic - United States - Evaluation

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Intro -- ASSESSING TREASURY'S STRATEGY - SIX MONTHS OF TARP -- ASSESSING TREASURY'S STRATEGY - SIX MONTHS OF TARP -- CONTENTS -- PREFACE -- Chapter 1  OVERSIGHT HEARING ON SIX MONTHS OF TARP-BAROFSKY TESTIMONY -- TOTAL FUNDS SUBJECT TO SIGTARP OVERSIGHT -- End Notes -- Chapter 2  TROUBLED ASSET RELIEF PROGRAM: STATUS OF EFFORTS TO ADDRESS TRANSPARENCY AND ACCOUNTABILITY ISSUES -- SUMMARY -- TREASURY'S STRATEGY FOR DEPLOYING TARP FUNDS CONTINUES TO EVOLVE, THOUGH CPP REMAINS KEY EFFORT TO STABILIZE FINANCIAL MARKET -- TREASURY CONTINUES TO MAKE PROGRESS IN ESTABLISHING OFS -- INDICATORS SUGGEST MIXED DEVELOPMENTS IN THE CREDIT MARKETS, BUT ISOLATING THE IMPACT OF TARP CONTINUES TO PRESENT CHALLENGES -- End Notes -- Chapter 3  OVERSIGHT HEARING ON SIX MONTHS OF TARP - WARREN TESTIMONY -- Chapter 4  APRIL OVERSIGHT REPORT*: ASSESSING TREASURY'S STRATEGY: SIX MONTHS OF TARP -- EXECUTIVE SUMMARY** -- SECTION ONE: ASSESSING TARP STRATEGY -- A. The Federal Government's Current Strategy -- 1. COP Efforts to Ascertain Treasury's Strategy -- 2. An Examination of Treasury's Strategy -- a. Address Bank Solvency and Capitalization - Capital Infusions and Leveraged Asset Purchases -- b. Increase Availability of Credit in Key Markets -- c. Assess the Health of Financial Institutions -- 3. Federal Government Efforts -- a. Treasury Programs -- b. Federal Reserve



Board Facilities -- c. FDIC Programs -- 4. Measures of Success -- a. Improving Metrics (Good Signs) -- b. Worsening Metrics (Bad Signs) -- c. Indeterminate Metrics (Too Early to Tell) -- B. Historical Approaches and Lessons -- 1. The U.S. Depression of the 1930s and the Federal Response -- 2. Continental Illinois -- 3. Savings and Loan Crisis/Resolution Trust Corporation -- 4. Recapitalization of the FDIC Bank Insurance Fund / FDICIA -- 5. Sweden -- 6. Japan -- C. Europe: Current Crises and Response.

1. Iceland -- 2. Ireland -- 3. United Kingdom -- 4. Other European Countries -- D. Taking Stock: Options for Moving Forward -- 1. Lessons Learned -- 2. Treasury's Approach348 -- 3. Options for Future Action -- a. Prologue - Understanding the FDIC's Resolution Authority in the Context of Banks and Bank Holding Companies Facing Distress -- 4. Assessing the Options -- a. Time - Is it on Our Side or Not? -- b. Taxpayer Exposure and Exit Strategy -- c. Government Capacity and Expertise -- d. Competitive Impact on Financial Institutions -- e. Impact on Investors and Capital Markets -- f. Asset Price Transparency -- SECTION TWO: ADDITIONAL VIEWS -- A. Richard H. Neiman and John E. Sununu -- 1. The Primary Mission of the Panel is to Evaluate the Effectiveness of Treasury's Actions -- 2. The Current Treasury Strategy Aligns with Congressional Intent -- 3. The Current Treasury Strategy is Reasonable and Viable -- 4. Restoring Financial Stability During an Emergency Takes Precedence over Other Policy Goals -- 5. The Panel's Mission Remains of Critical Importance -- B. John E. Sununu -- SECTION THREE: CORRESPONDENCE WITH TREASURY UPDATE -- SECTION FOUR: TARP UPDATES SINCE LAST REPORT -- SECTION FIVE: OVERSIGHT ACTIVITIES -- Upcoming Reports and Hearings -- SECTION SIX: ABOUT THE CONGRESSIONAL OVERSIGHT PANEL -- APPENDIX I: LETTER FROM TREASURY SECRETARY MR. TIMOTHY GEITHNER TO CONGRESSIONAL OVERSIGHT PANEL CHAIR ELIZABETH WARREN, DATED APRIL 2, 2009 -- Origins of the Financial Crisis -- Recapitalizing the Banking System - A Key Plank of the Financial Stability Plan -- Consumer Debt -- Responding to Questions about the Term Asset-Backed Securities Lending Facility (TALF) -- APPENDIX II: LETTER FROM CHAIRMAN OF THE FEDERAL RESERVE BOARD OF GOVERNORS MR. BEN BERNANKE TO CONGRESSIONAL OVERSIGHT PANEL CHAIR ELIZABETH WARREN, DATED APRIL 1, 2009.

APPENDIX III: LETTER FROM CONGRESSIONAL OVERSIGHT PANEL CHAIR ELIZABETH WARREN TO TREASURY SECRETARY MR. TIMOTHY GEITHNER, DATED MARCH 30, 2009 -- The Meetings -- Congressional Oversight Panel - Supervisory Assessment Request -- Definitions and Protocol for Document Production and Protection, dated March 30, 2009 -- Definitions -- Document Production -- Document Protection -- APPENDIX IV: LETTER FROM CONGRESSIONAL OVERSIGHT PANEL CHAIR ELIZABETH WARREN TO TREASURY SECRETARY MR. TIMOTHY GEITHNER, DATED MARCH 25, 2009 -- APPENDIX V: LETTER FROM CONGRESSIONAL OVERSIGHT PANEL CHAIR ELIZABETH WARREN TO TREASURY SECRETARY MR. TIMOTHY GEITHNER, DATED MARCH 24, 2009 -- APPENDIX VI: LETTER FROM CONGRESSIONAL OVERSIGHT PANEL CHAIR ELIZABETH WARREN TO TREASURY SECRETARY MR. TIMOTHY GEITHNER, DATED MARCH 20, 2009 -- Questions -- APPENDIX VII: LETTER FROM CONGRESSIONAL OVERSIGHT PANEL CHAIR ELIZABETH WARREN TO TREASURY SECRETARY MR. TIMOTHY GEITHNER, DATED MARCH 5, 2009 -- APPENDIX VIII: LETTER FROM CONGRESSIONAL OVERSIGHT PANEL CHAIR ELIZABETH WARREN TO TREASURY SECRETARY MR. TIMOTHY GEITHNER, DATED JANUARY 28, 2009 -- End Notes -- Chapter 5  SIXTH MONTH TARP HEARING- GEITHNER TESTIMONY -- INTRODUCTION -- THE OBAMA



ADMINISTRATION'S RESPONSE -- CAPITAL ASSISTANCE PROGRAM -- CONSUMER AND BUSINESS LENDING INITIATIVE -- Public Private Investment Program -- Housing -- Regulatory Reform -- STATUS OF TARP -- Transparency -- EXECUTIVE COMPENSATION -- MAJOR INITIATIVES -- February 10, 2009: Treasury Introduced the Financial Stability Plan (FSP) -- February 18, 2009: Treasury Introduced the Making Home Affordable Plan (MHA) -- February 25, 2009: Treasury Introduced the Capital Assistance Program (CAP) and Measuring Capital Needs -- March 3, 2009: Treasury Introduced the Consumer and Business Lending Initiative.

March 16, 2009: Treasury Introduced the SBA Loan Purchase Program -- March 23, 2009: Treasury Introduced the Public-Private Investment Program (PPIP) -- March 31, 2009: Treasury Extended the Federal Guarantee of Money Fund Assets -- End Notes -- Chapter 6  SIXTH MONTH TARP HEARING-  SILVERS OPENING STATEMENT -- Chapter 7  SIXTH MONTH TARP HEARING- WARREN OPENING STATEMENT -- CHAPTER SOURCES -- INDEX -- Blank Page.