U.S. TREASURY OFFICIAL TO SPEAK ABOUT TROUBLED ASSET RELIEF PROGRAM (TARP)

Timothy G. Massad, the U.S. Department of the Treasury’s assistant secretary for financial stability, will address the state of the Troubled Asset Relief Program (TARP) on Oct. 3 at Duke University’s Fuqua School of Business.

The presentation, free and open to the public, will run from 5:15 – 6:15 p.m. at Fuqua’s Geneen Auditorium.

In his role with the Department of the Treasury, Massad is responsible for overseeing the implementation and wind down of TARP. The date of his presentation at Duke coincides with the three-year anniversary of TARP, which was introduced by President George W. Bush on Oct. 3, 2008, in response to the subprime mortgage crisis.

The program essentially has allowed the U.S. government to purchase assets and equity from financial institutions to strengthen the financial sector. Massad’s presentation will address the rationale for implementing TARP as well as its current status and structure.

Massad, a graduate of Harvard Law School, joined the Treasury Department in May 2009 as chief counsel for the TARP after serving as special legal adviser to the congressional oversight panel for economic stabilization. He became acting assistant secretary and was confirmed by the Senate as assistant secretary in June.

The event is sponsored by Fuqua’s Center for Financial Excellence, The Sanford School of Public Policy, the Duke Law School and Duke’s Department of Economics.

Contact Kevin Anselmo at (919) 660-7722, kevin.anselmo@duke.edu.

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