20 Courthouse Sq. Ste 216
Rockville, MD 20850
Kendall Capital
20 Courthouse Square
Suite 216
Rockville, MD 20850
Get Directions
Phone: 301.838.9110
Fax: 301.838.9113
February 2009 Monthly Economic Update
The Month in Brief
Optimism was evident in America … but not in its financial markets. Wall Street had a tough month, and investors hoped it was not an omen for the year. In Washington D.C., more bold solutions were proposed for lingering economic problems. In the retail, service and manufacturing sector, layoffs occurred again and again. Oil prices sank, and gold prices rose. Mortgage rates stayed comfortably around 5%. Investors hoped that hope would translate to action and confidence in the very near future – with the health of banks the biggest concern.
TARP’s Past, Present & Future
The next $350 billion is ready to be released. What did the first $350 billion accomplish?
What has the Troubled Asset Relief Program done for the financial sector? How was the first half of the TARP money spent? Where will the second half go? It’s time for a quick peek at TARP past, present and future.