Troubled Asset Relief Program (TARP)

What is Troubled Asset Relief Program (TARP)?

Troubled Asset Relief Program (TARP) meaning Initial economic measure implemented by the Federal Reserve in the United States in which US$700 million was issued to Congress to remove toxic mortgage- backed securities from US banks’ balance sheets during the 2008 credit crunch. (See also term asset-backed securities loan facility.)

 

reference: mercer.com