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The Eleventh Circuit Issues Two Unanimous Opinions Finding No Private Right of Action Under TARP

Posted on December 31, 2015
Posted in Loan Modification

The Eleventh Circuit Issues Two Unanimous Opinions Finding No Private Right of Action Under TARPOn October 3, 2008, George W. Bush signed the Troubled Asset Relief Program (TARP) into law as part of the government’s efforts to combat the subprime mortgage crisis and shore up the faltering economy. In general terms, TARP allowed the U.S. Department of Treasury to purchase or insure up to $700 billion of troubled assets,…

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