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Lessons Learned: Timothy Massad

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Abstract

Timothy Massad was assistant secretary for financial stability at the US Department of the Treasury between 2009 and 2014. He oversaw the $700 billion Troubled Assets Relief Program (TARP), which was passed by Congress in October 2008 to enable the Treasury to buy assets of and invest in banks and companies to stem the financial crisis. Massad was involved in the implementation of TARP as well as its winding down; it ultimately invested $439 billion. This "Lessons Learned" is based on a phone interview with Mr. Massad.

Suggested Citation

  • Esmen, Yasemin, 2021. "Lessons Learned: Timothy Massad," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 3(4), pages 34-37, April.
    • Handle: RePEc:ysm:ypfsfc:3455
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1241&context=journal-of-financial-crises
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    Keywords

    CARES Act; Global Financial Crisis; stress tests; Trouble Asset Relief Program (TARP); U.S. Treasury;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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