Document Type

Article

Publication Date

Spring 2009

Keywords

TARP, Troubled Asset Relief Plan, Financial bailout

Disciplines

Law and Economics | Property Law and Real Estate

Abstract

After a number of heady false starts, against the backdrop of threatened financial catastrophe, Congress and the White House enacted a stopgap financial “bailout”plan early in October 2008. From that point onward the “plan” has repeatedly morphed, morphed again, and morphed back through a string of remarkably fleeting guises. One suspects this dynamic will continue, at least for a while, as a new president and Congress find their footing in the first half of 2009.

Publication Citation

Robert C. Hockett, "What the New Treasury Must Do", 35 Cornell Law Forum (2009)