In 2008, the U.S. Treasury committed over $50 trillion dollars in financial support for financial institutions.

Question

Quizplus · Accepted Answer

This statement is false. While the U.S. Treasury provided significant financial support to financial institutions during the 2008 financial crisis, the actual amount committed was around $700 billion through programs such as the Troubled Asset Relief Program (TARP). $50 trillion would have been an enormous sum, equivalent to several times the annual GDP of the United States.