Troubled Assets Remain, but TARP Has Lessened Systemic Risk, Economists Say
November 25, 2009
The unprecedented government funds pumped into the financial market via the Troubled Asset Relief Program did not have the desired effect of cleaning toxic assets off of bank balance sheets, but they still have helped lessen the impact of the financial crisis, experts told the Congressional Oversight Panel last week. The use of TARP money to purchase troubled... [Includes one chart]