Financial Crisis Post-Mortem: TARP Mortgage Beneficiaries Were Largely Not Subprime
investigativeeconomics.substack.com
During the mortgage crisis, foreclosures spiked to an all-time high, driven by increasing interest rates on subprime adjustable rate mortgages. To stem the tide of foreclosures, President Bush signed the Troubled Asset Relief Program (TARP) in 2008 to aid homeowners struggling to pay their mortgages, as well as other failing business like American Insurance Group and automakers. Eventually the program would spend over $431 billion on the program
Financial Crisis Post-Mortem: TARP Mortgage Beneficiaries Were Largely Not Subprime
Financial Crisis Post-Mortem: TARP Mortgage…
Financial Crisis Post-Mortem: TARP Mortgage Beneficiaries Were Largely Not Subprime
During the mortgage crisis, foreclosures spiked to an all-time high, driven by increasing interest rates on subprime adjustable rate mortgages. To stem the tide of foreclosures, President Bush signed the Troubled Asset Relief Program (TARP) in 2008 to aid homeowners struggling to pay their mortgages, as well as other failing business like American Insurance Group and automakers. Eventually the program would spend over $431 billion on the program