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<a href="http://www.accessmylibrary.com/coms2/summary_0286-37258207_ITM" title="Facts and information about Washington addresses the credit crisis: in addition to creating the Troubled Asset Relife Program, the Emergency Economic Stabilization Act of 2008 also contains tax and other provisions of interest to state and local governments.(Federal Focus)">Washington addresses the credit crisis: in addition to creating the Troubled Asset Relife Program, the Emergency Economic Stabilization Act of 2008 also contains tax and other provisions of interest to state and local governments.(Federal Focus)</a>
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Washington addresses the credit crisis: in addition to creating the Troubled Asset Relife Program, the Emergency Economic Stabilization Act of 2008 also contains tax and other provisions of interest to state and local governments.(Federal Focus)
Efforts to kick-start the nation's credit markets came in the way of a $700 billion rescue measure signed by the president on October 3, 2008. The Emergency Economic Stabilization Act of 2008 (Public Law 110-343) is intended to help stabilize the financial markets and ease the credit crisis plaguing private companies and state and local governments.
At the heart of the measure is the creation of the Troubled Asset Relief Program (TARP), which initially focused on rescuing the financial industry by allowing the Treasury Department to purchase distressed assets linked to mortgage-related securities. That approach has since been abandoned in favor of putting capital ...
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