Financial Market Intervention (CRS Report for Congress)
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| Release Date |
Revised Jan. 29, 2009 |
| Report Number |
RS22963 |
| Report Type |
Report |
| Authors |
Edward Vincent Murphy, Specialist in Financial Economics; Baird Webel, Analyst in Financial Economics |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
Financial markets continue to experience significant disturbance and the banking sector remainsfragile. Efforts to restore confidence have been met with mixed success thus far. This reportprovides answers to some frequently asked questions concerning ongoing financial disruptionsand the Troubled Asset Relief Program (TARP), enacted by Congress in the EmergencyEconomic Stabilization Act of 2008 (EESA, Division A of H.R. 1424/P.L. 110-343). It alsosummarizes legislation in the 111th Congress such as H.R. 384, the TARP Reform andAccountability Act of 2009 and H.R. 703, "Promoting Bank Liquidity and Lending ThroughDeposit Insurance, Hope for Homeowners, and other Enhancements." The report also describesthe option of a good-bank, bad-bank split.
