A primary focus of the Economic Stabilization Act of 2008, which became know as the ___________________________, was to allow the U.S.Treasury purchase up to $700 billion of troubled or toxic assets held by financial institutions.

Question

Quizplus · Accepted Answer

The Economic Stabilization Act of 2008 is commonly known as the Troubled Asset Relief Program (TARP), which aimed to address the financial crisis by allowing the U.S. Treasury to purchase up to $700 billion of troubled or toxic assets held by financial institutions.

A Primary Focus of the Economic Stabilization Act of 2008