Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Treasury’s Massad Calls TARP Best Bipartisanship Example

Don't Miss Out —
Follow us on:

Sept. 30 (Bloomberg) -- The U.S. Treasury official who oversees the Troubled Asset Relief Program called the bailout program “perhaps the best recent example of effective, bipartisan government.”

TARP’s greatest legacy may be that “government rose to the occasion” when faced with “the potential collapse of our entire financial system,” Tim Massad, the Treasury Department’s assistant secretary for financial stability, said today in a speech in Washington marking the program’s fifth anniversary.

About $421 billion was disbursed through TARP, and the Treasury has received $405 billion as of Sept. 27, according to data on the department’s website.

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.