Update on TARP Activities


While the Treasury?s Capital Purchase Program (CPP) has occupied the attention of banks and their leadership since it was announced on October 14, 2008, there are ongoing developments concerning other aspects of the TARP scheme that remain very much in the active planning stage. Interim Assistant Secretary of the Treasury for Financial Stability Neel Kashkari described those developments in his testimony today before the Senate Banking Committee. We summarize those non-CPP developments below.

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Published In: Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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