SIGTARP: Emergency Capital Injections Provided to Support the Viability of Banks

by Sabrina I. Pacifici on October 5, 2009

Emergency Capital Injections Provided to Support the Viability of Bank of America, Other Major Banks, and the U.S. Financial System, October 5, 2009

  • Committee on Oversight and Reforms – Republican: “A report released today by the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) confirmed findings of an Oversight and Government Reform Committee investigation that key players in the financial crisis took unprecedented actions but the impact of these decisions remains difficult to assess. “Faced with the threat of an unparalleled economic crisis, Treasury, the Federal Reserve and FDIC implemented programs designed to help prevent a further deterioration of the economy and a significant risk of financial market collapse. It may be difficult in the near term to assess fully the impact of Treasury’s initial injections of capital to the first nine institutions on preventing an economic collapse,” the report concluded.”
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