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Street Talk Episode 59 - Coronavirus bailout already towers over TARP, with more to come

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Listen: Street Talk Episode 59 - Coronavirus bailout already towers over TARP, with more to come

The U.S. government responded to the potential economic fallout from the coronavirus with a historic $2 trillion stimulus package, with nearly $350 billion focused on small businesses through the Paycheck Protection Program, or PPP. While the PPP kicked off with a rocky start, Isaac Boltansky, policy analyst at Compass Point, believes the Federal Reserve and U.S. Congress are committed to making it work, including through additional funding. In the episode, Boltansky, a former member of the TARP Congressional Oversight Panel, discussed the mechanics of the PPP and criticisms to date as well as his expectation for more financial support to come since "deficit hawks are on the endangered species list" in Washington D.C.

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