What was the original goal of the Troubled Asset Relief Program introduced by the U.S. government?
A) To appease creditors by removing complex assets from the balance sheet of banks.
B) To conduct an audit of the balance sheet of banks.
C) To negotiate with potential buyers of troubled banks.
D) To decrease uncertainty by removing complex assets from the balance sheet of banks.
E) To increase uncertainty by removing complex assets from the balance sheet of banks.

Question

Quizplus · Accepted Answer

The original goal of the Troubled Asset Relief Program introduced by the U.S. government was to decrease uncertainty in the market by removing complex, troubled assets from the balance sheets of banks, which were causing concerns among creditors and making it difficult for banks to lend or borrow money. This was done with the hope of stabilizing the financial system and preventing a greater economic collapse.

What Was the Original Goal of the Troubled Asset Relief