The _________ created a fund originally designed to allow the U.S. Treasury to purchase distressed assets from financial institutions.

Question

Quizplus · Accepted Answer

The Troubled Asset Relief Program (TARP) was created in 2008 in response to the financial crisis to allow the U.S. Treasury to purchase distressed assets from financial institutions. The Capital Purchase Program (CPP) was a component of TARP that allowed the Treasury to buy preferred stock in banks to stabilize their balance sheets. The Foreclosure Prevention Act and Check 21 Act are unrelated to TARP. The Primary Dealer Credit Facility was also created by the Federal Reserve, not TARP.

The _________ Created a Fund Originally Designed to Allow the U.S