|
gptkbp:instance_of
|
gptkb:financial_assistance
gptkb:government
|
|
gptkbp:administered_by
|
gptkb:Office_of_Financial_Stability
|
|
gptkbp:associated_with
|
gptkb:2008_financial_crisis
gptkb:Economic_Stabilization_Act_of_2008
bank bailouts
Federal Reserve actions
|
|
gptkbp:beneficiary
|
large banks
|
|
gptkbp:concluded_on
|
gptkb:2014
|
|
gptkbp:controversy
|
perceived favoritism
executive compensation limits
long-term costs to taxpayers
|
|
gptkbp:created_by
|
gptkb:George_W._Bush_administration
|
|
gptkbp:criticism
|
lack of transparency
|
|
gptkbp:duration
|
2008-2014
|
|
gptkbp:enacted_by
|
gptkb:2008
|
|
gptkbp:evaluates
|
mixed reviews
mixed results
|
|
gptkbp:form
|
gptkb:Troubled_Asset_Relief_Program
|
|
gptkbp:funding
|
taxpayer money
$700 billion
|
|
gptkbp:goal
|
stabilize the financial system
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
TARP
|
|
gptkbp:impact
|
gptkb:Securities_and_Exchange_Commission
banking sector
reduced bank failures
increased liquidity in markets
recovery of the auto industry
recovery of the housing market
|
|
gptkbp:includes
|
gptkb:Home_Affordable_Modification_Program
gptkb:Public-Private_Investment_Program
Capital Purchase Program
Automotive Industry Financing Program
|
|
gptkbp:influenced_by
|
gptkb:Great_Recession
|
|
gptkbp:initiated_by
|
gptkb:United_States_Department_of_the_Treasury
|
|
gptkbp:is_implemented_in
|
gptkb:United_States
gptkb:United_States_Congress
|
|
gptkbp:is_set_in
|
gptkb:Bank
gptkb:Goldman_Sachs
gptkb:Wells_Fargo
gptkb:AIG
gptkb:Huntington_Bancshares
gptkb:Citigroup
gptkb:First_Horizon_National_Corporation
gptkb:M&_T_Bank_Corporation
gptkb:Chrysler
gptkb:General_Motors
gptkb:Morgan_Stanley
gptkb:PNC_Financial_Services
gptkb:American_Express
gptkb:State_Street_Corporation
gptkb:Fifth_Third_Bank
gptkb:Northern_Trust_Corporation
gptkb:Regions_Financial_Corporation
gptkb:JP_Morgan_Chase
gptkb:Citizens_Bank
gptkb:Key_Corp
gptkb:Sun_Trust_Banks
gptkb:Zions_Bancorporation
BMO Harris Bank.
|
|
gptkbp:legacy
|
financial stability measures
financial regulation reforms
influence on public trust in government
increased government oversight
bank stress tests
impact on economic recovery
increased public debt
restructuring of financial institutions
influence on future bailouts
impact on fiscal policy
impact on monetary policy
debate over moral hazard
|
|
gptkbp:legislation
|
gptkb:Consumer_Financial_Protection_Act
gptkb:American_Recovery_and_Reinvestment_Act
gptkb:Emergency_Economic_Stabilization_Act
bailout program
|
|
gptkbp:provides_oversight_for
|
gptkb:United_States_Congress
gptkb:Special_Inspector_General_for_TARP
|
|
gptkbp:public_perception
|
controversial
necessary intervention
|
|
gptkbp:purpose
|
stabilize the financial system
to purchase toxic assets and equity from financial institutions
|
|
gptkbp:related_to
|
gptkb:American_Recovery_and_Reinvestment_Act
gptkb:2008_financial_crisis
financial stability
|
|
gptkbp:repaid_amount
|
$440 billion
|
|
gptkbp:result
|
recovery of the economy
|
|
gptkbp:success_rate
|
high for banks
|
|
gptkbp:successor
|
gptkb:Housing_and_Economic_Recovery_Act
gptkb:Dodd-Frank_Act
|
|
gptkbp:target_market
|
gptkb:Insurance_Company
banking
housing
automotive
|
|
gptkbp:total_repayment
|
$441 billion
|
|
gptkbp:year_established
|
gptkb:2008
|
|
gptkbp:bfsParent
|
gptkb:George_W._Bush
|
|
gptkbp:bfsLayer
|
3
|