In response to the global financial crisis of 2008,and to protect financial institutions,the United States

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The United States used government borrowing in response to the global financial crisis of 2008 to protect financial institutions. The government implemented policies such as the Troubled Asset Relief Program (TARP) which allowed the Treasury Department to purchase assets and equity from financial institutions to stabilize the financial system. This required government borrowing and spending to prop up institutions that were struggling.

In Response to the Global Financial Crisis of 2008,and to Protect