During the Great Recession, the bailout money given to the car companies GM and Chrysler under the TARP program
came from the Fed acting in its role as lender of last resort.

Question

Quizplus · Accepted Answer

The bailout money given to GM and Chrysler under the TARP (Troubled Asset Relief Program) came from the U.S. Treasury, not directly from the Federal Reserve. The TARP was a program of the U.S. government, authorized by Congress and signed into law by President George W. Bush in 2008, to help stabilize the financial system during the Great Recession.

During the Great Recession, the Bailout Money Given to the Car