TARP

Extensive information is available on the Troubled Asset Relief Program (TARP). However, not much has been said about the government’s ability to go after those who abuse taxpayers’ funds distributed to America’s business world.

General Motors Co. (GM), a company that was and might still be considered “too big to fail,” is still beholden to U.S. taxpayers and under the auspices of the Troubled Asset Relief Program (TARP), a Treasury program that was established to bail out financial institutions.

Former TARP banks in SBLF have not effectively increased small-business lending and are significantly underperforming compared to non-TARP banks.

The Troubled Asset Relief Program (TARP) was signed into law by President George W. Bush on Oct. 3, 2008, a little more than four years ago.

As of August 31, 2012, Treasury has recovered more than 85 percent of the funds disbursed through the program and is now winding down its remaining TARP investments.

“The government shouldn’t be in the business of owning stakes in private companies for an indefinite period of time.” - U.S. Treasury announcement.

There has never been a recent legislation quite as controversial as the 2008 Troubled Asset Relief Program (TARP).

General Motors Co. said on Monday that it generated more than $3.3 billion in cash and aims to repay its government loans starting in December.

Banks are still reluctant to lend, while others have hurried to pay back their government obligations.

Banks just can’t seem to escape negative publicity these days.

The Government Accountability Office (GAO) this week found that the U.S. Treasury’s $700 billion troubled asset relief program (TARP) has “critical” oversight problems in its first official audit of the government program to address the ailing U.S. economy.

Designed to remove “toxic” instruments from the financial system, TARP has somehow changed along the way.