Which of the Following Statements Is INCORRECT About the Troubled

Which of the following statements is INCORRECT about the Troubled Asset Relief Program (TARP) of the US government during the financial crisis of 2007-09?

A) TARP used nearly $700 billion to support banks with troubled assets.
B) The Treasury purchased preferred shares from banks and injected funds into these financial institutions.
C) The banks also issued warrants that allowed the government to buy the company's shares at a predetermined price over a ten-year period.
D) After the banks recovered,the US government sold these warrants back to the banks or to others at a "fair price" determined with the help of the Black-Scholes-Merton and binomial models.
E) Like most other government policies,TARP was a failure and cost the government significantly more than the amount that was originally estimated.