In 2008 Congress passed the Troubled Asset Relief Program (TARP), which authorized the U.S. Treasury to spend
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In 2008 Congress passed the Troubled Asset Relief Program
(TARP), which authorized the U.S. Treasury to spend up to
$700 billion to make emergency loans and guarantees to failing financial firms. The Treasury rescue, or bailout, was aided by lender-of-last-resort loans provided by the Federal Reserve to financial institutions through a series of newly established Fed facilities.
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Related Book For
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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