ABSTRACT
Th e troubled asset relief program (TARP) was introduced by the U.S. Treasury in 2008 to purchase the troubled assets of up to $700 billion and to stabilize bank capital ratios. In the United Kingdom, a fi nancial support package of approximately £500 billion was introduced in 2008 that included measures to recapitalize banks, provide government guarantees, and improve bank liquidity. Further rescue plans have been proposed in both the United States and United Kingdom.
