They live there, the burned part's covered with a tarp , with their dogs, and they must have at least ten. Examples of tarp in a Sentence Recent Examples on the Web Officials are still waiting on an autopsy to positively identify the body wrapped in the tarp.
First Known Use of tarp , in the meaning defined above. Buying Guide Our team at The Usage has selected the best camping tent of Learn More About tarp. Time Traveler for tarp The first known use of tarp was in See more words from the same year.
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Global credit markets came to a near standstill in September as several major financial institutions, such as Fannie Mae , Freddie Mac , and American International Group AIG , experienced severe financial problems. Lehman Brothers went bankrupt, and investment companies Goldman Sachs and Morgan Stanley changed their charters to become commercial banks in an attempt to stabilize their capital situations.
It was signed into law by President George W. TARP's original purpose was to increase the liquidity of the money markets and secondary mortgage markets by purchasing the mortgage-backed securities MBS , and through that, reduce the potential losses of the institutions that owned them.
Later, TARP's aim was modified slightly to allow the government to buy equity in banks and other financial institutions. TARP funds were used to purchase stock in banks, insurance companies, and auto-makers, and to loan funds to financial institutions and homeowners. The U. The provisions of TARP demanded that companies involved lose certain tax benefits and, in many cases, placed limits on executive compensation and forbade fund recipients from awarding bonuses to their top 25 highest-paid executives.
The government also claimed that TARP prevented the American auto industry from failing and saved more than one million jobs, helped stabilize banks, and restored credit availability for individuals and businesses. TARP is still controversial. Advocates say it saved the U. Even so, economists, politicians, and financial professionals still debate TARP's merits and wonder if it had been necessary.
Critics charge the program did little to help the housing markets, which remained depressed for years.
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