US Treasury preparing to wind down Tarp after $70bn repayment

us treasury

The US Treasury is positioned to begin winding down the Troubled Asset Relief Programme (Tarp) since more than $70 billion of the $205 billion provided to financial institutions has already been repaid, the official charged with overseeing the scheme has confirmed. Appearing before the Congressional Oversight Panel for Tarp in Washington, Herbert Allison, the assistant secretary for financial stability at the Treasury department, revealed that of the 679 US banks that received Tarp funds

To continue reading...