The government passed the economic recovery act in october 2008 to prevent the financial crisis from continuing to worsen. A controversial component of this act was the?

Respuesta :

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:

https://brainly.com/question/10738640

#SPJ4