5
What is the TARP Program?
The Troubled Asset Relief Program (TARP) was a federal program initiated by the United States government in response to the 2007-2008 financial crisis. The program aimed to stabilize the financial system by purchasing troubled assets from financial institutions and providing capital injections to struggling banks. Known as the TARP program, it was part of the broader American Recovery and Reinvestment Act of 2009. This article delves into the background, objectives, and impact of the TARP program, shedding light on its significance in the context of the financial crisis.
