asked 108k views
3 votes
What was the purpose of the Troubled Assets Relief Program (TARP) in late 2008?

asked
User Pzelasko
by
8.8k points

1 Answer

6 votes
Troubled Assets Relief Program (TARP) is a program of the United States government whose main purpose is to purchase assets and equity from financial institutions in order to strengthen its financial sector. It was signed by President George W. Bush on October 3.
answered
User Si Zi
by
8.6k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.