The New TARP: Market Turmoil, Capital Investments and the Obama Administration (REPLAY)
The Troubled Asset Relief Program (TARP) has become the target of intense criticism from Congress and banks, as the Treasury Department continues to struggle to stabilize the banking industry, stimulate commercial and consumer lending, enhance systemic confidence and perhaps directly aid defaulting homeowners. The new Obama Administration promises many change to the way the TARP is conceived and implemented. This program will provide you with a practical guide to the major changes in TARP since the legislation was enacted, how it will impact your bank, and developmental changes from the Obama Administration.
- Obama Administration changes to TARP
- TARP money for loans versus shoring up capital position
- New guidelines for TIP – the Targeted Investment Program
- Plans to purchase “toxic assets” from banks
- FDIC activity to stimulate lending
- Federal Reserve update
John L. Douglas is a partner in the Atlanta and Washington, D.C. office of Paul, Hastings, Janofsky & Walker, LLP. Mr. Douglas concentrates his practice in the regulation of financial institutions, in mergers and acquisitions and other transactions involving banks and thrifts. He formerly served as General Counsel of the Federal Deposit Insurance Corporation, during a period of unprecedented stress on the financial system and assisted in the organization of the Resolution Trust Corporation.
Charles M. Horn is a partner in the Washington, D.C. office of Mayer Brown LLP, where his regulatory and transactional attorney focuses primarily on banking and financial services matters. Charles represents domestic and global financial services firms of all sizes on regulatory and transactional issues. Earlier in his career, he served as Director of the Securities & Corporate Practices Division of the US Department of Treasury’s Office of the Comptroller of the Currency.
Russell J. Bruemmer is a partner in the Washington, D.C. office of Wilmer Cutler Pickering Hale and Dorr, LLP, and chair of the firm’s regulatory and government affairs practice group. He advises clients in the area of financial services, including the negotiation and documentation of acquisitions and divestitures, and counsels clients on the regulation of financial services, including enforcement matters. He formerly served as General Counsel of the Central Intelligence Agency.
