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Governmental Response to Economic Crisis

The Emergency Economic Stabilization Act of 2008 (EESA) will have long-term implications for U.S. financial institutions and the global economy as a whole. Although the details of this act and the related Troubled Asset Relief Program (TARP) are still unfolding, Crowe Horwath LLP has established a leadership team to monitor the developments and help keep you informed.


EESA Library

Developments in TARP Executive Compensation Restrictions (February 2009)

Tax Issues for S Corporations Participating in the Capital Purchase Program (February 2009)

Tax Implications of Debt Modifications (December 2008)

Perspective on Troubled Debt Restructurings* (November 2008)

Implications of the Rescue Plan for Financial Institutions (October 2008)

Tax Effects of the Financial Rescue Package (October 2008)

Research and Experimentation Tax Credit Extension (October 2008)

Freddie Mac and Fannie Mae: Third Quarter Update (September 2008)

Regulatory Updates (December 2008):

M&A Resources for Financial Institutions


EESA, TARP, and the Office of Financial Stability
EESA provides the U.S. secretary of the Treasury broad authority to take action toward restoring liquidity and stability to the U.S. financial system. The primary mechanism for immediate relief under EESA is the $700 billion TARP, which – under the direction of the newly created Office of Financial Stability – authorizes the Treasury secretary to purchase troubled assets directly from financial institutions, establish a program to guarantee the troubled assets of financial institutions, and directly purchase the equities of financial institutions.

The Treasury has begun implementing measures necessary to execute TARP and will continue to outline additional details in the coming weeks.


Keeping You Informed
Crowe’s thought leaders – practicing professionals in your industry – will continue to closely monitor this situation with an eye on the issues impacting your organization including:

  • Tax implications of EESA's programs
  • Impending financial services regulatory reform
  • Evaluating potential strategic opportunities and threats
Sign Up for Updates
To receive our EESA and TARP Updates via e-mail, visit www.crowehorwath.com/emailsignup. Please select “Publications” and then “Legislative/Regulatory updates”
as your service area of interest.