The Troubled Asset Relief Program
, Term Paper
...Asset Relief Program, or T.A.R.P., was created in 2008 by the passage of the Emergency Economic Stabilization Act. It was introduced toCongress in the midst of the 2008 financial crisis in the United States, which left large banks on Wall Street either declaring bankruptcy or on the verge of it, while around these banks the financial system of the United States stood unmoving, choked and crippled, brought to its knees and unable to function. In only the second time in history, by the creation of T.A.R.P., the government stepped in to provide assistance in the form of capital funding to not only banks but the automotive industry and other areas, without which the financial system... ?The Troubled Asset...