Article
U.S. Treasury, FRB And FDIC Announce And Provide Detail On Programs To Support Financial Institutions In Response To Recent Market Instability
On October 14, 2008, Secretary of the Treasury Henry Paulson, FRB Chairman Benjamin Bernanke and FDIC Chairman Sheila Bair formally announced and provided further detail on two new programs, the TARP Capital Purchase Program (the “Capital Purchase Program”) and the Temporary Liquidity Guarantee Program (the “Liquidity Program”), designed to strengthen public confidence in the U.S. financial system and address the crisis in the credit markets.
Goodwin Procter LLP






