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TARP allowed the United States Department of the Treasury to purchase or insure up to $700 billion of "troubled assets," defined as "(A) residential or commercial obligations will be bought, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before March 14, 2008, the purchase of which the Secretary determines promotes ...
The Emergency Economic Stabilization Act created the Troubled Asset Relief Program to administer up to $700 billion. Several oversight mechanisms are established by the bill, including the Congressional Oversight Panel, the Special Inspector General for TARP (SIGTARP), the Financial Stability Oversight Board, and additional requirements for the Government Accountability Office (GAO) and the ...
In particular, as of January 31, 2012, 25 institutions accounted for $11.2 billion (~$14.7 billion in 2023), or 67 percent, of outstanding investments. As of November 30, 2011, Treasury estimated that CPP would have a lifetime income of $13.5 billion (~$18 billion in 2023) after all institutions exited the program." [11]
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Aerial view of Phase II of the McCook Reservoir under construction in 2023. The Tunnel and Reservoir Plan (abbreviated TARP and more commonly known as the Deep Tunnel Project or the Chicago Deep Tunnel) is a large civil engineering project that aims to reduce flooding in the metropolitan Chicago area, and to reduce the harmful effects of flushing raw sewage into Lake Michigan by diverting ...
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She was included on Fortune 's "Most Powerful Women in Business" list in 2014, 2015 and 2021, [232] and has been called the "Number 1 Woman to Watch" for two consecutive years by American Banker. Mark Mason is an American business executive, serving since 2019 as the chief financial officer (CFO) of Citigroup. [233]
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