The bailout money that went to giant ﬁnancial institutions like Citibank and Goldman Sachs, along with General Motors and Chrysler, during the ﬁnancial crisis and the Great Recession, came from the

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The Troubled Assets Relief Program (TARP) was a program created by the US government in 2008 to purchase assets and equity from financial institutions in order to strengthen the financial sector during the financial crisis. Many major financial institutions, such as Citibank and Goldman Sachs, received funds from TARP, as did the automobile manufacturers General Motors and Chrysler. The American Recovery and Reinvestment Act did provide stimulus funds to help boost the economy during the recession, but this did not go directly to these specific institutions. The Primary Dealer Credit Facility and the Term Securities Lending Facility were both programs created by the Federal Reserve to provide short-term loans to banks and financial institutions, but these were not part of the TARP program.

The Bailout Money That Went to Giant ﬁNancial Institutions Like