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Banks Which Have Paid Back TARP
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Troubled Asset Relief Program...Some banks are not so troubledIn early October amidst a global financial melt-down, than Secretary of the Treasury Hank Paulson, with the approval and oversight of congress and a special finance committee created the “Troubled Asset Relief Programâ€, commonly referred to as ‘TARP’ to support systemically important financial institutions.
The original goal of the TARP was to to purchase or insure up to $700 billion of "troubled" assets off of the bank’s balance sheet, with the ultimate goal of finding much needed price discover on complex, and often archaic derivatives, much of which were crippling financial institutions.
However, as the global credit markets measured most accurately by the TED Spread and 3-month LIBOR came to a grinding halt, Treasury at the time thought it would be best to simply ‘inject’ capital, in the form of preferred shares to bolster the capital ratio of the banks going forward.
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The amount of debt is of huge importance for investors. The debt level is a capital capacity measure and something like a buffer for toug...
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