1. TROUBLED ASSETS RELIEF PROGRAM

3. To bail out the economy from the financial crisis

4. Gave the US treasury USD 700 Billion purchasing power

5. USD 250+USD100 Bn immediately released to treasury

6. Next USD 350 Bn - Congress approval needed

7. To buy Mortgage Backed Securities

8. To un seize the money market

11. To address the instability caused by subprime mortgage crisis.

12. Allows the Treasury to purchase illiquid assets from banks and other financial institutions

13. To purchase CDS, which were sold in a booming market until 2007

16. Purchase of equity capital

18. President BarackObama (Jan ‘09) said that he intended to "fundamentally change some of the practices" in the bailout program

19. He said, "Many of us have been disappointed with the absence of clarity, the failure to track how the money's been spent.“In Feb 2010 he planned Congress to transfer TARP funds that have been paid back from the Wall Street banks to a new program "to provide capital for community banks on Main Street which deal more closely with the small businesses“

21. Paulson's plan potentially had conflicts of interest

23. Directed the Federal Government's spending on the financial crisis of ’07 – ’10, allocation of $350 billion TARP funds

24. In Mar’08,supporting role to Henry Paulson, in decision to bail out AIG

25. 2 days after deciding not to rescue Lehman Brothers from bankruptcy.

28. Collapsed in September 2008-high leverage, high exposure to CDS

29. Received-USD 180 bn under TARP in installments

30. Goldman got $4.8 billion from AIG's securities lending unit

32. AIG bailout turned out to be a scam.

33. AIG executives - ($165 million) in bonuses

34. Billions of taxpayer dollars paid to the counter- parties of AIG’s financial deals

37. Success: managed to lift the face of the economy

38. TARP repayments had reached a total of $240 billion,

39. Net outstanding $110 billion

40. Taxpayers have also received a further return on TARP investments of $23 billion through dividends, interest, and other income

41. Overall combined TARP revenues totaled $217 billion through the end of May 2010

42. The US Fed has made huge profits through purchase of equity capital

45. TARP REPAYMENS BY BANKS