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End Bailouts and Government Ownership in Fannie/Freddie, GM, AIG, and Other Entities

Agenda for Congress

Title

End Bailouts and Government Ownership in Fannie/Freddie, GM, AIG, and Other Entities

From Liberate to Stimulate: A Bipartisan Agenda to Restore Limited Government and Revive America's Economy

Liberate to Stimulate Index

On October 3, 2010, the federal government’s authority under the Troubled Asset Relief Program (TARP) officially expired. Rushed through amid fears of financial Armageddon, the thrust of the program shifted several times from buying “toxic” mortgage securities no one would touch to buying ownership stakes in order to provide a “capital cushion” to relatively healthy financial institutions—and even to propping up automakers.