What was the stated purpose of the TARP $700 billion bailout?

A) Give it to financial institutions to keep them from going bankrupt.
B) Purchase illiquid assets from banks and other financial institutions to restore market.
C) Loan money to the automobile industry to save the market for automobiles.
D) Provide incentives to homebuyers to improve the housing market.

TARP Bailout

A program initiated by the U.S. government during the 2008 financial crisis to purchase toxic assets and inject capital into banks to stabilize the financial system.

Illiquid Assets

Assets that cannot be easily sold or converted into cash without a significant loss in value.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and investment funds, playing a critical role in the economy.