10.23.2008 Executive Compensation Provisions under the Emergency Economic Stabilization Act of 2008
Editor Marriott, Catherine M.The centerpiece of the Emergency Economic Stabilization Act of 2008 ("EESA") is the Treasury's troubled asset relief program or TARP. TARP currently has three components. One component would permit financial institutions to sell stock to the Treasury, also known as the capital purchase program or CPP. A second program permits the sale of troubled assets through an auction process - the troubled asset auction purchase or TAAP. The third program permits the direct purchase of troubled assets by the Treasury.
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