The Troubled Assets Relief Program (TARP)in October 2008 was passed to ______.

Question

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The Troubled Assets Relief Program (TARP) was passed in October 2008 to bail out financial institutions deemed "too big to fail" during the 2008 financial crisis. The program authorized the US Treasury to purchase troubled assets from banks and other financial institutions, thus injecting capital into the financial system to stabilize it. Options A, B, and D are incorrect as they were not the primary focus of TARP.

The Troubled Assets Relief Program (TARP)in October 2008 Was Passed