Tuesday, April 07, 2009

TARP Explained

The Troubled Asset Relief Program (TARP) that is bailing out ailing U.S. banks can be tricky for laymen like me to understand. Thankfully, there's a slideshow in The New York Times that boils it down to short points.

HT: Cafe Hayek

1 comment:

Tom Jackson said...

Otherwise known, in the financial community, as the Subprime Housing Investment Trust.