relief program

Wall Street closed the day up slightly, ending a terrible week that saw the Dow suffer its worst week since October 2008 – the week that Congress passed the $700 billion Troubled Asset Relief Program.

The nation's largest bank also said Monday that the Federal Reserve has confirmed it no longer has any obligations under the government's Troubled Asset Relief Program, as it made good on a promise to increase equity by $3 billion.

JPMorgan Chase plans to raise $5 billion through a stock offering as it seeks to repay the $25 billion that the bank was awarded in the government's troubled asset relief program.

Life insurers seeking billions through the Troubled Asset Relief Program could face reviews from the Treasury Department as it tries to determine which companies are viable.

The press release explains the link between tarps and the troubled asset relief program.