The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to answer the question – “What was TARP?” And so, we’re specifically talking about the Troubled Asset Relief Program, what is commonly referred to as TARP. And if you traded through the 2008, 2009 market meltdown, you probably heard TARP all over the place because it was meant to be the saving grace of the market, this new government program that would come in and swoop in and stabilize these financial institutions and major banks. I want to try to break it down here for you guys pretty quickly, so you understand what it was because I probably expect that we’ll see this at some point in the future because it was I think in many cases, renowned as a big success and potentially on the books, maybe it was a success for the government to do this. It definitely averted a crisis, but I don’t know if it [Unintelligible] further down the road, we’re eventually going to have a bigger one out of that. But neit