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Troubled Asset Relief Program (TARP): Implementation and Status

Description: This report provides a brief outline of the programs created under the Troubled Asset Relief Program (TARP), changes made by Congress, and a summary of the current status and estimated costs of the program. It also provides an Appendix that contains detailed discussions of the individual TARP programs.
Date: January 15, 2014
Creator: Webel, Baird
Partner: UNT Libraries Government Documents Department

The European Union's Response to the 2007-2009 Financial Crisis

Description: This report examines the EU responses to the financial crisis through changes to the financial regulatory structure at the EU level as well as the member country level. The countries examined are Germany and the United Kingdom, which have single financial regulators; the Netherlands, which has a twin peaks regulatory structure; and Spain, which has a functional structure.
Date: August 13, 2010
Creator: Eubanks, Walter W.
Partner: UNT Libraries Government Documents Department

Economic Recovery: Sustaining U.S. Economic Growth in a Post-Crisis Economy

Description: This report looks at how Congress has been proactive in helping the economy recover after the 2008-2009 recession, as well as how it can help to keep recessions at bay in the future. Issues include typical post-war recessions, insufficient pace of private spending, and the long-term debt problem.
Date: July 22, 2010
Creator: Elwell, Craig K.
Partner: UNT Libraries Government Documents Department

Double-Dip Recession: Previous Experience and Current Prospect

Description: This report discusses factors suggesting an increased risk of double-dip recession. It discusses other factors that suggest economic recovery will continue. The U.S. historical experience with double-dip recessions is also presented. It examines the role of deleveraging by households and businesses in the aftermath of the recent financial crisis in shaping the likely pace of economic recovery. The report concludes with a look at current economic projections.
Date: December 3, 2010
Creator: Elwell, Craig K.
Partner: UNT Libraries Government Documents Department

Economic Slowdown: Issues and Policies

Description: This report first discusses the current state of the economy, including measures that have already been taken by the monetary authorities, and assesses the need for and potential consequences of fiscal stimulus. The second part of the report reviews the proposals discussed during debate on the recently enacted fiscal stimulus, both those adopted and those considered but not adopted. The various stimulus packages differed somewhat, and the report briefly describes those differences. This section also includes a discussion of the potential elements of a second stimulus proposal, and concludes with a discussion of the macroeconomic effects of the proposals. The final section of the paper discusses recent and proposed financial interventions.
Date: November 26, 2008
Creator: Gravelle, Jane G.; Hungerford, Thomas L.; Labonte, Marc; Murphy, Edward V.; Weiss, N. Eric & Whittaker, Julie M.
Partner: UNT Libraries Government Documents Department

Government Assistance for GMAC/Ally Financial: Unwinding the Government Stake

Description: This report explains the governments relationship with Ally Financial (formerly known as General Motors Acceptance Corporation, or GMAC). Under the Troubled Assets Relief Program (TARP) the government purchased preferred shares in Ally Financial, acquiring a 73.8% ownership state. This report discusses the reasoning behind this assistance to Ally and the ultimate costs.
Date: September 3, 2014
Creator: Webel, Baird & Canis, Bill
Partner: UNT Libraries Government Documents Department

The Special Inspector General for the Troubled Asset Relief Program

Description: This report discusses the Special Inspector General provisions in the Emergency Economic Stabilization Act of 2008, H.R. 1424, which was enacted as P.L. 110-343 on October 3, 2008. This Act created a Special Inspector General (SIG) for the Troubled Asset Relief Program (TARP). This report will compare the duties and authorities of the SIG TARP to those of the Special Inspector General for Iraq Reconstruction (SIGIR) and the Special Inspector General for Afghanistan Reconstruction (SIGAR), as well as statutory IGs under the Inspector General Act of 1978, as amended (IG Act).
Date: January 14, 2009
Creator: Burrows, Vanessa K.
Partner: UNT Libraries Government Documents Department

Government Assistance for GMAC/Ally Financial: Unwinding the Government Stake

Description: This report discusses government support given to Ally Financial, formerly known as General Motors Acceptance Corporation (GMAC), which provides auto financing, insurance, online banking, and mortgage and commercial financing. This report looks at how -- or even if -- GMAC will be able to pay back the government for Trouble Asset Relief Program (TARP) funding.
Date: January 26, 2015
Creator: Webel, Baird & Canis, Bill
Partner: UNT Libraries Government Documents Department

Iceland's Financial Crisis

Description: This report discusses the banking collapse in Iceland. Iceland's banking system had collapsed as a result of a culmination of a series of decisions the banks made that left them highly exposed to disruptions in financial markets. The collapse of the banks raised questions for U.S. leaders and others about supervising banks that operate across national borders, especially as it has become increasingly difficult to distinguish the limits of domestic financial markets.
Date: March 11, 2010
Creator: Jackson, James K.
Partner: UNT Libraries Government Documents Department

Government Interventions in Response to Financial Turmoil

Description: This report reviews new programs introduced and other actions taken by the Treasury, Federal Reserve, and Federal Deposit Insurance Corporation in response to the recent financial crisis. It does not cover longstanding programs such as the Fed's discount window and FDIC receivership of failed banks.
Date: February 1, 2010
Creator: Webel, Baird & Labonte, Marc
Partner: UNT Libraries Government Documents Department

Job Growth During the Recovery

Description: Congress in recent years passed a number of bills intended in part to jump-start a recovery in the labor market from the recession that began in December 2007. Policymakers are interested in how employment has responded to stimulus measures to determine how effective the legislation has been and to decide whether additional job creation legislation is warranted. This report discusses this topic in brief.
Date: September 30, 2010
Creator: Levine, Linda
Partner: UNT Libraries Government Documents Department

Job Growth During the Recovery

Description: This report analyzes employment data from the U.S. Bureau of Labor Statistics from December 2007 to September 2012, including characteristics of job loss and gain within several industries.
Date: October 16, 2012
Creator: Levine, Linda
Partner: UNT Libraries Government Documents Department