Question $21$

$3$ pts

We discussed this in class!

TARP $($Troubled Asset Relief Program$)$ was a program where the Fed$/$Treasury offered to loan money to big investment banks to allow them to have enough money to meet their obligations for the next several weeks$/$months$.$

Out of the ten biggest investment banks, how many of them took funds?

The five that needed it the most.

Hone of theee hanke as thev opposed this action by the Treasury and none of them actually noeded the money.

All ten, they healthier banks were presured to take the funds to help provide cover for the sikker banks. They did not want it to be obvious which burks needed the funch.