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The troubled asset relief program (TARP) worked to

User Antfish
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Answer:

To stabilize the United States financial systemStep-by-step explanation:

User Kokul Jose
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Answer:

To stabilize the United States financial system

Step-by-step explanation:

The Troubled Asset Relief Program, known as TARP, was signed on October 2008, by the then US president, George Bush. The purpose is to avert and remedy the nation’s mortgage and financial crisis, often referred to as the Great Recession.

With TARP, the economic team ensured the Department of the Treasury injected money into failing banks and various businesses by purchasing assets and equity. This was a bid to stabilize the market, relieve consumer debt and enhance the auto industry.

TARP is otherwise considered to be “bank bailout".

User Amiraslan
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