Check the Internet or other sources and answer the following questions: a. Briefly describe the Troubled Asset

Question:

Check the Internet or other sources and answer the following questions:
a. Briefly describe the Troubled Asset Relief Program (TARP) program of the US Government.
b. What was the derivative used in the program? Why would the US government trade such a “Toxic thing” as a derivatives contract?
c. How would you approach the pricing of the security used in the TARP?
d. Discuss the success of the program to date.