Tarp

Definition: Troubled Asset Relief Program, the government's term for the Wall Street bailout bill. The term was first coined by Treasury Secretary Henry Paulson. The $700 billion bill passed the Senate Oct. 1, the House Oct. 3, and was signed by President Bush that same day.

Usage: "The point is that TARP is the only plan on the table that has both a reasonable chance of political success and a reasonable chance of economic success." (Washington Post, Oct. 2, 2008)

• 
• Click to Print

• Find this article at:
• https://content.time.com/time/specials/packages/article/0,28804,1847213_1847216_1847197,00.html