Toxic Asset Threat Remains, Despite TARP: Report

Law360, New York (August 11, 2009, 3:14 PM EDT) -- Ten months into the government's Troubled Asset Relief Program, the Congressional Oversight Panel on Tuesday reported that substantial portions of toxic assets remain on banks' books, posing a financial threat and leaving small banks especially vulnerable to future failure.

In its monthly update tracking the $700 billion committed by the federal government under TARP to prop up financial institutions, the Congressional Oversight Panel suggested the U.S. Department of the Treasury recalibrate its planned trillion-dollar Public-Private Investment Program in order to get remaining toxic securities off banks'...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.