Troubled Asset Relief Program (TARP)
GPTKB entity
Statements (54)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:government
|
| gptkbp:administered_by |
gptkb:Office_of_Financial_Stability
|
| gptkbp:controversy |
executive compensation limits
use of funds |
| gptkbp:created_by |
gptkb:United_States_Department_of_the_Treasury
|
| gptkbp:date_enacted |
October 3, 2008
|
| gptkbp:duration |
2008 to 2014
|
| gptkbp:enacted_by |
gptkb:U._S._Congress
|
| gptkbp:evaluates |
mixed results
|
| gptkbp:funding |
$700 billion
|
| https://www.w3.org/2000/01/rdf-schema#label |
Troubled Asset Relief Program (TARP)
|
| gptkbp:impact |
increased GDP
reduced unemployment financial market stabilization restored confidence in banks |
| gptkbp:initial_allocation |
$1 billion for Morgan Stanley
$10 billion for Bank of America $2 billion for Goldman Sachs $20 billion for Citigroup $250 billion for banks $40 billion for AIG $5 billion for Wells Fargo $80 billion for automotive industry $3 billion for JPMorgan Chase |
| gptkbp:is_set_in |
gptkb:Financial_Stability_Oversight_Council
gptkb:Federal_Reserve gptkb:Treasury_Department gptkb:FDIC |
| gptkbp:legacy |
changes in monetary policy
impact on financial regulations increased scrutiny of financial institutions enhanced regulatory oversight debate over government intervention increased capital requirements for banks influence on future bailouts establishment of stress tests for banks focus on systemic risk management public perception of government bailouts creation of the Consumer Financial Protection Bureau |
| gptkbp:legislation |
gptkb:Emergency_Economic_Stabilization_Act
|
| gptkbp:outcome |
economic recovery efforts
bank bailouts automotive industry support |
| gptkbp:provides_oversight_for |
gptkb:Congressional_Oversight_Panel
gptkb:Special_Inspector_General_for_TARP |
| gptkbp:purpose |
stabilize the financial system
|
| gptkbp:related_to |
gptkb:2008_financial_crisis
|
| gptkbp:signed_by |
gptkb:George_W._Bush
|
| gptkbp:successor |
gptkb:Dodd-Frank_Act
|
| gptkbp:total_repayment |
$440 billion
|
| gptkbp:bfsParent |
gptkb:Emergency_Economic_Stabilization_Act_of_2008
gptkb:Economic_Stabilization_Act_of_2008 gptkb:Emergency_Economic_Stabilization_Act |
| gptkbp:bfsLayer |
5
|