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Author Archives: Kristy Sinsara

Speaking Out Against TARP

In 2006, when the subprime lending market began to implode, it sent shockwaves throughout the U.S. economy and eventually lead to a global economic decline. The effects of this financial catastrophe are still being felt today. In an attempt to bolster the economy and promote lending, even in the face of this disaster, the U.S. government created the Troubled Asset Relief Program to supply lenders with needed funding. “The point of TARP”, says Kristy Sinsara, President of the Consumer Advocacy Group, “was to ‘stimulate the economy’ by giving money to ‘big businesses’.” But has the Troubled Asset Relief Program succeeded in its aim?