Asset Guarantee Program

E383981

The Asset Guarantee Program was a U.S. government initiative under the financial crisis-era TARP framework that provided guarantees on troubled assets to stabilize major financial institutions and restore market confidence.

All labels observed (1)

Label Occurrences
Asset Guarantee Program canonical 1

How this entity was disambiguated

Statements (41)

Predicate Object
instanceOf TARP program ⓘ
United States government program ⓘ
financial stabilization program ⓘ
administeredBy Board of Governors of the Federal Reserve System ⓘ
Federal Deposit Insurance Corporation ⓘ
U.S. Department of the Treasury ⓘ
appliesToPeriod 2008 financial crisis ⓘ
assetTypeCovered mortgage-related assets ⓘ
other troubled or illiquid assets ⓘ
beneficiary Bank of America Corporation ⓘ
linked to: Bank of America

Citigroup Inc. ⓘ
linked to: Citigroup
beneficiaryType systemically important financial institutions ⓘ
country United States ⓘ
createdInResponseTo collapse of U.S. housing market ⓘ
widespread losses on mortgage-backed securities ⓘ
designedTo address uncertainty about asset values on bank balance sheets ⓘ
complement capital injections under TARP ⓘ
endTime after stabilization of participating institutions ⓘ
fundingSource TARP authority under the U.S. Treasury ⓘ
goal limit taxpayer exposure while supporting financial stability ⓘ
implementedUnder U.S. Treasury Office of Financial Stability ⓘ
legalFramework Emergency Economic Stabilization Act of 2008 ⓘ
mechanism provided guarantees on troubled assets ⓘ
shared losses between government and participating institutions ⓘ
objective prevent disorderly failure of large financial institutions ⓘ
support liquidity in financial markets ⓘ
oversightBy Congressional Oversight Panel for TARP ⓘ
U.S. Congress ⓘ
partOf Troubled Asset Relief Program ⓘ
policyArea crisis management ⓘ
financial regulation ⓘ
policyType credit guarantee ⓘ
loss-sharing arrangement ⓘ
purpose mitigate systemic risk during the 2008 financial crisis ⓘ
restore market confidence ⓘ
stabilize major financial institutions ⓘ
regulatoryContext extraordinary crisis-era intervention ⓘ
riskTypeCovered credit risk on troubled assets ⓘ
sector financial sector ⓘ
startTime 2008 ⓘ
status terminated ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Troubled Asset Relief Program → keyProgram → Asset Guarantee Program ⓘ