Which president passed tarp

It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Pew Research Center does not take policy positions. It is a subsidiary of The Pew Charitable Trusts. Newsletters Donate My Account. Research Topics. Home Research Topics. Read More Share this link:. The executive branch is one of three primary parts of the U. The president of the United States is the chief of the executive branch, which also The three branches of the U.

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Great Recession The Great Recession was a global economic downturn that devastated world financial markets as well as the banking and real estate industries. Executive Branch The executive branch is one of three primary parts of the U. In his letter, Summers said the money would be used for a "sweeping effort" to save homeowners threatened with foreclosure, and make the money available to small banks and businesses along with corporate giants.

The team tactic is one of several steps Obama is taking this week to prepare the way for his own administration, which officially begins next week. In other signs that Team Obama is about to take over, his Cabinet members, including State Department-designate Hillary Clinton, will start trooping to Capitol Hill for confirmation hearings this week. Obama is expected to name a replacement for commerce secretary. And the president-elect has narrowed the selection of a White House dog to a labradoodle and a Portuguese water dog.

Christopher Dodd, D-Conn. Congress is hesitant, claiming the Bush administration handed the money to mega banks without any conditions, without any means to determine how the money is spent and with little of it going to help beleaguered homeowners avoid bankruptcy. Summers assured Democratic senators late last week that the incoming administration would ensure that more of the money is used to help homeowners and promised better accounting of the cash.