Where is the Stimulus Money going?

Resources  if you want to dig in deep.

Find out how the government is accounting for our tax dollars.

Cool graphic of all the money allocated last fall:

Tracking TARP money:

The Newest Piece of the Puzzle: PPIP

So, we all remember the government’s implementation of TARP last October. The concern after that, however, was how the government was specifically going to handle the relief of these bad assets rather than simply pumping money into financial institutions. I remembered wondering and being concerned with this as well, and just this past Monday, Treasury Secretary Geithner gave the world (and me) a preliminary answer: the Public-Private Investment Program (PPIP). Continue reading

Troubled Asset Relief Program (TARP)

What is TARP and how will it save our economy?

The Troubled Asset Relief Program (TARP) is a funding program established by the US government, which primarily functions to relieve the sub-prime mortgage crisis. It was revised in October of 2008, by then Treasury Secretary Henry Paulson. Through this program, the US Treasury is given the ability to purchase up to $700 billion in mortgages that were issued before March 14, 2008, and any other factors that the Finance Secretary and the Chairman of the Fed find necessary to ensure market stability. In essence, it is part of the billion dollar bailouts that our government has been issuing to banks, car companies, and other financial institutions. Continue reading