November 19, 2008
DLA provides a very interesting interim “report card” on the Emergency Economic Stabilization Act (EESA). Given the enormous breadth and speed of implementation of EESA, it is easy to be overwhelmed and this Alert gives some very concise perspective on where we stand now. The Alert focuses on the changes to TARP, the “path not taken” and what probably lies ahead.
October 24, 2008
If what you need is a short, concise overview of the Emergency Economic Stabilization Act ("EESA"), this Alert is for you. Short enough to read during a cab ride, it gives you working knowledge of the:
- Treasury’s Capital Purchase Program;
- the FDIC’s guarantee of senior debt;
- the Fed’s Commercial Paper Funding Facility; and
- the Fed’s Money Market Investor Funding Facility.
October 22, 2008
This is the second really good comprehensive overview of the credit crisis that we have seen (the other, Morrison & Foerster’s TARP and the Various Federal Tent Poles: Will it be Enough?). Paul Weiss have committed to keep it updated and the living document aspect is particularly appealing given the daily changes to the various Bailout programs.
October 14, 2008
Morrison Foerster refers to this Bulletin as a “snapshot,” but this comprehensive overview of the subprime crisis is not going to fit in a wallet. This 43-page summary is the most comprehensive that we have seen to date. So if you want it all in one place this is for you. The following is covered:"
- Emergency Economic Stabilization Act of 2008
- Troubled Assets Relief Program Overview
- Treasury to Acquire Securities from Sellers Governance Structure and Oversight Controls
- TARP Advisors: Government Contracting under the Act
- Mortgage Loss Mitigation and Homeowner Protection
- Other EESA Impacts
- Bailout Related Tax Changes and Impacts
- 2008 in Review: Outline of Significant Federal Actions
- Recent IRS and Treasury Guidance”
Ropes & Gray
October 10, 2008
A nice overview of the Emergency Economic Stabilization Act of 2008, the Troubled Asset Relief Program ("TARP") and the various bolt-ons necessary to get Congressional approval. Notwithstanding title, the primary focus is on TARP which is well covered.
October 10, 2008
This Alert is an excellent top-level summary of the Troubled Assets Relief Program (“TARP”) component of the Emergency Economic Stabilization Act of 2008. If you are in financial services and don’t quite feel comfortable discussing TARP then take just 5-10 minutes with this Alert. If you need more detail, eg on the executive compensation elements then you may want to delve further in one of the other Alerts on the site.
October 6, 2008
This Alert is a comprehensive but manageable summary of the 450-page Emergency Economic Stabilization Act of 2008 with an appropriately heavy focus on the Troubled Asset Relief Program (“TARP”).