Making TARP Work

October 27, 2008

The Treasury clearly has a lot riding on the success of the TARP program, as it may be its last shot at restoring some semblance of normality to the markets. There are concerns that TARP's immediate impact may be only cosmetic, and that the program might create major precedents for government involvement in the financial system. As it currently stands, TARP will have the Treasury buying troubled assets from banks, while separately injecting capital into selected institutions that apply for an infusion (as well as some that don't).

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