A controversial component of this act was the Troubled Asset Relief Program​ (TARP).
What is the Troubled Asset Relief Program?
- After the financial crisis of 2008, the U.S. Treasury launched and managed the Troubled Asset Relief Program (TARP) to strengthen the nation's financial system, boost economic growth, and reduce foreclosures.
- The Troubled Asset Relief Program (TARP) assisted in stopping a second Great Depression, stabilizing a failing financial system, and reviving corporate, mortgage, auto, and student loans markets. The investment programs of TARP are coming to an end.
- To assist in restoring economic development, stabilizing the American financial system, and averting needless foreclosures, Treasury developed a number of programs under TARP.
- TARP allowed the Treasury to buy both "troubled assets" and any other asset that it considered "essential" to promote economic stability. Among the troubled assets are real estate, mortgage-related assets, and securities based on such assets.
To learn more about the Troubled Asset Relief Program, refer to:
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