Asked by Torye Smith on Apr 27, 2024
Verified
Which segment of the economy benefited least from the TARP bailout?
A) The very large banks.
B) The homeowners.
C) The insurance companies.
D) Financial services industry.
TARP Bailout
The Troubled Asset Relief Program, a U.S. government program created in 2008 to purchase toxic assets and inject capital into banks to stabilize the financial system.
- Acquire knowledge about the significance and effects of TARP amid the financial crisis.
Verified Answer
DW
davin williamsApr 29, 2024
Final Answer :
B
Explanation :
The TARP bailout mainly focused on rescuing large banks and financial institutions instead of providing relief to struggling homeowners who were facing foreclosure or had already lost their homes due to the mortgage crisis. The insurance companies also received some support from the bailout but not as much as the big banks. Therefore, the segment of the economy that benefited least from the TARP bailout was the homeowners.
Learning Objectives
- Acquire knowledge about the significance and effects of TARP amid the financial crisis.
Related questions
What Was the Stated Purpose of the TARP $700 Billion ...
The Crisis Phase Typically Begins with Which of the Following ...
How Did Other Nations Respond to the Financial Deregulation in ...
Identify Who, What, Where, When, And/or Why the Following Are ...
What Is the Primary Source of Decreasing Expenses in a ...