History of the United States II / Unit 17 USH2 2423 short lesson, about 20 seconds
TARP
Captions available
The idea
Congress passed the Emergency Economic Stabilization Act, committing seven hundred billion dollars to bail out troubled institutions through the Troubled Asset Relief Program, the anchor records.
In practice
An emergency loan of seventeen point four billion dollars to the auto industry, to be carried out by Bush's successor.
Where people slip
The Yawp says the giveaways to bankers created shock waves of resentment.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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