“We feel a great obligation as responsible stewards of their money,” Assistant Treasury Secretary Herbert Allison Jr. says, adding that the Treasury is committing every effort to ensuring an ample return for taxpayers for their lending to TARP. (0:18)
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)
