Saint Clair Homes

The Troubled Assets Relief Program (TARP) was supposed to be the government’s answer to help stabilize the financial market, in which the subprime mortgage crisis is a large part. Simply put the TARP buys difficult- to value assets from hurting financial institutions and banks enabling them to “balance” their accounts and avoid further loses. The manner in which this is accomplished is complicated and a bit difficult to understand. In addition to its complexity, there have been some changes made to the initial program. To learn more about TARP how it works, the effectiveness, etc…. go to Wikipedia's Troubled Assets Relief Program article