The primary purpose of the Troubled Asset Relief Program (TARP)was to __________.

Question

Quizplus · Accepted Answer

The primary purpose of the Troubled Asset Relief Program (TARP) was to bail out the banking sector, specifically to provide funds to financial institutions that were struggling due to the 2008 financial crisis. The program was aimed at preventing a complete collapse of the financial system, which would have had severe repercussions for the economy as a whole. TARP was not intended to reduce the annual budget deficit or public/national debt, nor was it designed specifically to bail out the auto industry.

The Primary Purpose of the Troubled Asset Relief Program (TARP)was