TARP Has Been Key To Stabilizing Financial System, Says Treasury Official
The Troubled Asset Relief Program (TARP) has been “key to stabilizing the financial system and preventing greater deterioration in the availability of credit,” says Assistant Treasury Secretary for Financial Stability Herbert Allison, Jr. Despite signs of economic recovery, “our financial system and our economy remain vulnerable…this is why Treasury must remain vigilant and press ahead in our economic stabilization efforts,” he adds. (0:57)
July 22, 2009
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