About the wisdom of the tarp program

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Many people have argued about the wisdom of the "TARP" program that was implemented late in the Presidential term of President George W. Bush with the full approval of the Congress. One of the main features of the program resulted in the Treasury department purchasing hundreds of billions of dollars of assets of companies like AIG to prevent a financial meltdown of many large financial companies. Briefly comment on the impact on the economy of this effort and explain what could have happened had this program (or something similar) not been implemented.

Reference no: EM131387368

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