November 19, 2008


THE EMERGENCY ECONOMIC STABILIZATION ACT AND RESPONSES TO THE CREDIT CRISIS:
AN INTERIM REPORT

The global credit crisis has generated bold and seemingly ever-changing responses from the US Congress and key members of the Bush Administration. Particularly striking are the changes in the likely use of the $700 billion Troubled Asset Relief Program (TARP) that have occurred in a very short period.

For our readers, we have prepared an analysis of the current situation and suggest possible lessons we may take away from recent events. The analysis contains three parts:

  • a summary of recent dramatic changes in TARP;


  • a review of other significant governmental policies that are in existence; and


  • an overview of critical next steps.

Please read the analysis here.