As the market waits on the vote for the Emergency Economic Stabilization Act of 2008, which includes the Troubled Asset Relief Program (TARP), research is coming out on initial thoughts about it. 

Deutsche Bank Securities, for example, notes the economic effects are twofold: there is improvement in economic capital as the valuations of risk mortgage assets are raised above their distressed-pricing levels, and it reduces the information asymmetry by transferring complex assets away from the private sector balance sheets and onto the public sector balance sheet.

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