TITLE

TROUBLED ASSET RELIEF PROGRAM: Status of Participants' Dividend Payments and Repurchases of Preferred Stock and Warrants

PUB. DATE
July 2009
SOURCE
GAO Reports;7/9/2009, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article focuses on the Troubled Asset Relief Program (TRAP) and discusses the status of participants' dividend payments and repurchases of preferred stock and warrants. It is stated that according to TRAP, the U.S. Department of Treasury has the authority to purchase and insure through its Office of Financial Stability (OFS).It is mentioned that the Department of treasury earned a lot through TRAP but it has al started disbursing funds and has already disbursed 339 million dollars.
ACCESSION #
43821930

 

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