October 21, 2008 | Baruch Business Report
The Baruch Business Report offers a conversation between John Elliott, the Dean of Baruch’s Zicklin School of Business and Terrence Martell, Saxe Professor of Finance and International Business in Baruch’s Zicklin School of Business. The discussion starts with an exploration of the newly approved Troubled Asset Relief Program (T.A.R.P.) that will provide the Treasury Secretary $700 billion to buy troubled assets from failing financial institutions, and continues into a larger economic analysis including restoring depositor confidence in banks, the potential government gains from T.A.R.P., and the Federal Deposit Insurance Corporation’s (F.D.I.C.) new protection plan for bank consumers, which raises basic insurance from $100,000 to $250,000 per account.