Which is the most correct statement about the Troubled Asset Relief Program $($TARP$)$ which Congress passed to help the financial system recover from the $2008$ financial crisis?

Multiple Choice

The original play was to use the money Congress authorized to buy the troubled assets from the financial institutions, but this was abandoned in favor of buying loaning money to the financial institutions through a new credit facility.

The original plan was to loan the money Congress authorized to financial institutions that needed a cash infusion, but this was abandoned in favor of buying debt obligations issued by the financial institutions.

The original plan was to loan the money Congress authorized to financial institutions that needed a cash infusion, but this was abandoned in favor of buying preferred stock issued by the financial institutions.

The original plan was to use the money Congress authorized to buy the troubled assets from the financial institutions, but this was abandoned in favor of buying preferred stock issued by the financial institutions.