Whither TARP— Was Treasury’s Creative Interpretation of the Legislation Inevitable? Where Is the Monitoring?
Author: Joan Teresa Kay.
Source: Volume 22, Number 04, March/April 2009 , pp.16-24(9)
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Abstract:
Some of the Government’s expenditures are unlikely to ever give any return. That, of course, underlies the argument against using bailout funds to purchase asset backed securities and bad loans, but it must be asked if the Government has sufficient perspective beyond political constraints to find the best solutions.Keywords: Emergency Economic Stabilization Act of 2008;
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