"If we don't do this, we may not have an economy on Monday." — Federal Reserve Chair Ben Bernanke to Congressional leaders, September 2008
The federal response to the crash shown above included which signature policy?
- Acheck_circle
The Troubled Asset Relief Program (TARP), authorizing up to $700 billion to stabilize banks
- B
Deregulation of the airline and trucking industries
- C
The Volstead Act restricting alcohol production
- D
The Sherman Antitrust Act enforcement against tech firms
Explanation
TARP, signed by Bush in October 2008, authorized large purchases of distressed mortgage-backed securities and bank equity to prevent broader financial collapse. It was followed by Obama's $787 billion stimulus (ARRA, 2009).