Lessons Learned: Timothy Massad

Yasemin Esmen ()
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Yasemin Esmen: YPFS, Yale School of Management, https://elischolar.library.yale.edu/journal-of-financial-crises/

Journal of Financial Crises, 2021, vol. 3, issue 4, 34-37

Abstract: Timothy Massad was assistant secretary for financial stability at the US Department of the Treasury between 2009 and 2014. He oversaw the $700 billion Troubled Assets Relief Program (TARP), which was passed by Congress in October 2008 to enable the Treasury to buy assets of and invest in banks and companies to stem the financial crisis. Massad was involved in the implementation of TARP as well as its winding down; it ultimately invested $439 billion. This "Lessons Learned" is based on a phone interview with Mr. Massad.

Keywords: CARES Act; Global Financial Crisis; stress tests; Trouble Asset Relief Program (TARP); U.S. Treasury (search for similar items in EconPapers)
JEL-codes: G01 G28 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:ypfsfc:3455

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