TARP, Troubled Asset Relief Plan, Financial bailout
Law and Economics | Property Law and Real Estate
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.
Hockett, Robert C., "What the New Treasury Must Do" (2009). Cornell Law Faculty Publications. Paper 45.
Cornell Law Forum, vol. 35, no. 1 (Spring 2009)