The $700 billion economic bailout plan following the subprime mortgage crisis of 2008 was called the _____.
A)American Recovery and Reinvestment Act
B)Troubled Assets Relief Program
C)Clayton Antitrust Act
D)NCUA Corporate Stabilization Program

Question

Quizplus · Accepted Answer

The Troubled Assets Relief Program, commonly known as TARP, was the $700 billion economic bailout plan launched by the U.S. government to stabilize the financial system after the subprime mortgage crisis in 2008. The American Recovery and Reinvestment Act (ARRA) was a different economic stimulus package passed in 2009. The Clayton Antitrust Act and NCUA Corporate Stabilization Program are unrelated to the 2008 financial crisis.

The $700 Billion Economic Bailout Plan Following the Subprime Mortgage