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Troubled Asset Relief Program (TARP)was Created in Part in Response

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Troubled Asset Relief Program (TARP)was created in part in response to the practice of lending institutions having allowed individuals to borrow money for homes well beyond their ability to repay which resulted in an escalation of mortgage defaults.


Definitions:

Impersonal Communication

Communication style characterized by a lack of personal connection, often involving formal, standardized messages.

E-bulletin Board

A digital platform that serves as a notice board for posting information, announcements, and discussions, accessible via the internet.

Upward Communication

The process of information flow from the lower levels of a hierarchy to the higher levels within an organization.

Nonthreatening Climate

An environment where individuals feel safe and are encouraged to express their ideas and concerns without fear of negative consequences.

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