The Troubled Asset Relief Program was originally designed to __________ but funds were ultimately used for __________.
A)purchase and insure assets held by financial institutions;purchase equity financial institutions and bail out U.S.automakers
B)nationalize banks;unemployment insurance and financing the wars in Iraq and Afghanistan
C)bail out banks;purchases of "toxic assets"
D)bolster bank stock prices;paying bank executive bonuses
E)prevent takeovers of U.S.banks by foreign nationals;insure assets held by member banks

Question

Quizplus · Accepted Answer

The Troubled Asset Relief Program (TARP) was initially intended to purchase and insure assets held by financial institutions, but the funds were ultimately used to purchase equity in financial institutions and to bail out U.S. automakers.

The Troubled Asset Relief Program Was Originally Designed to __________