Document Type
Lessons Learned
JEL Codes
G01, G28
Abstract
Timothy Massad was assistant secretary for financial stability at the US Department of the Treasury between 2009 and 2014. He oversaw the $700 billion Troubled Assets Relief Program (TARP), which was passed by Congress in October 2008 to enable the Treasury to buy assets of and invest in banks and companies to stem the financial crisis. Massad was involved in the implementation of TARP as well as its winding down; it ultimately invested $439 billion. This “Lessons Learned” is based on a phone interview with Mr. Massad.
Recommended Citation
Esmen, Yasemin
(2021)
"Lessons Learned: Timothy Massad,"
Journal of Financial Crises: Vol. 3
:
Iss. 4, 34-37.
Available at:
https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss4/5
Date Revised
2021-12-15
Included in
Economic History Commons, Finance and Financial Management Commons, Macroeconomics Commons, Policy Design, Analysis, and Evaluation Commons