Asked by Torye Smith on Apr 27, 2024

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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.
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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.