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