'''2008''' In September, the Treasury Department unveils a plan known as the Troubled Asset Relief Program (TARP), which provides $800 billion to banks to buy bad assets that have led to a freeze in lending and are threatening the economy. The first version of the plan fails to pass Congress, but a revised bill containing additional money to meet lawmakers' individual concerns eventually passes. | '''2008''' In September, the Treasury Department unveils a plan known as the Troubled Asset Relief Program (TARP), which provides $800 billion to banks to buy bad assets that have led to a freeze in lending and are threatening the economy. The first version of the plan fails to pass Congress, but a revised bill containing additional money to meet lawmakers' individual concerns eventually passes. |