tailieunhanh - The Financial Crisis Response In Charts

A forbearance plan is typically an agreement by the servicer to postpone, reduce, or suspend payments due on a loan for a specified period of time. These agreements are usually intended to provide the borrower time to resolve a short-term financial impairment. Interest may continue to accrue at the contractual note rate during the forbearance period, in which case it remains the borrower's responsibility. To be covered under category 4 in the Framework, the forbearance plan offered by the servicer must be documented and include specific payment terms for a specified period of time longer than one. | The Financial Crisis Response In Charts April 2012 Introduction This week the . Department of the Treasury released its latest cost estimates for the Troubled Asset Relief Program TARP which was only one part of the government s broader effort to combat the financial crisis. These charts provide a more comprehensive update on the impact of the combined actions of the Treasury the Federal Reserve and the Federal Deposit Insurance Corporation FDIC . Collectively these programs carried out by both a Republican and a Democratic administration were effective in preventing the collapse of the financial system in restarting economic growth and in restoring access to credit and capital. They were well-designed and carefully managed. Because of this we were able to limit the broader economic and financial damage. Although this crisis was caused by a shock larger than that which caused the Great Depression we were able to put out the financial fires at much lower cost and with much less overall economic damage than occurred during a broad mix of financial crises over the last few decades. Our economy is stronger today because of the strategy we adopted and the financial reforms now being put in place. This in turn has allowed our financial system to return as an engine for economic growth jobs and innovation. These are the most important measures of the impact of the financial strategy adopted by the United States. In addition the latest available estimates indicate that the financial stability programs are likely to result in an overall positive financial return for taxpayers in terms of direct fiscal cost. These estimates are based on gains already realized and on a range of different measures of cost and return for the remaining investments outstanding. These estimates do not include the full impact of the crisis on our fiscal position. And they do not include the cost of the tax cuts and emergency spending programs passed by Congress in the Recovery Act and after that

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