1 Jan 2008 Jahr - 2008 - Following the collapse of the banking system in 2007, the Troubled Assets Relief Program was created to bail out the failing banks and ensure that the banking system would not fail in the future, jeopardizing many people's savings and investments. Though unpopular, it was effective at mitigating the effects of the recession. It instituted government control of and support of the banking industry at a broader scale than every before.
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1 Jan 2008 Jahr
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~ 17 years ago