Note: From TARP, the Troubled Assets Relief Program, intended to aid American financial institutions in jeopardy.
Part of speech: v.
Quotation: Bank of America has been “tarped” (a new verb), like AIG, but not as much. Only $45 billion was handed over from the government. Still, this tarping helped propel the stock from $3 to an $11 rally, fueled by a combination of traders and optimistic investors.
Author:
Greg Sushinsky
Date of publication:
Apr. 15, 2009
This catchword has yet to be researched.