The U.S. Department of the Treasury released today remarks by Interim Assistant Secretary for Financial Stability Neel Kashkari made before the Institute of International Bankers. Mr. Kashkari oversees the Office of Financial Stability, including the Troubled Asset Relief Program (TARP). Mr. Kashkari's remarks provide important details on the Treasury Department's implementation of the TARP, including details on the team initially managing the TARP, the Department's outstanding requests for proposals, and the Department's recently announced proposal to purchase equity in a broad array of financial institutions as part of the TARP. 

Click here to read Mr. Kashkari's remarks.

For further information on the Emergency Economic Stabilization Act, please contact:

Dominic De Simone, Practice Leader, Commercial Real Estate Recovery
Thomas Hauser, Business and Finance Department
Alan Kaplinsky, Consumer Financial Services
Vincent Marriott III, Bankruptcy, Reorganization and Capital Recovery Group
Brian Pinheiro, Employee Benefits and Executive Compensation Group

Prior Alerts

Secretary Paulson Statement - October 8, 2008

Emergency Economic Stabilization Act of 2008/TARP - October 7, 2008

Employee Benefits and Executive Compensation Issues Connected to Emergency Economic Stabilization Act of 2008 - October 6, 2008

Emergency Economic Stabilization Act of 2008 - October 6, 2008

Copyright © 2008 by Ballard Spahr LLP.
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