What was the biggest U.S. bailout?

Answer The Troubled Asset Relief Program (TARP) represents the largest government bailout in U.S. history. Congress established TARP with the October 2008 passage of the Emergency Economic Stabilization A... Read More »

Top Q&A For: What was the biggest U.S. bailout

When did AIG ask for a bailout?

The U.S. Government took over almost 80 percent of AIG's stock in return for $85 billion in September 2008. In the days leading up to the deal, AIG was close to filing for bankruptcy, but negotiati... Read More »

When was the first bailout distributed to AIG?

The U.S. government bailed out AIG for the first time on September 16, 2008, according to the Wall Street Journal. AIG received $85 billion in return for a 79.9 percent stake in the company.Source:... Read More »

What is an economic bailout?

The financial dictionary defines an economic bailout as the act of giving money to a company or committing another action so that the company avoids bankruptcy. Large companies are usually bailed o... Read More »

What is a TARP bailout?

The Troubled Asset Relief Program (TARP) was enacted in October 2008 to head off a financial crisis in the making. The Treasury Department invested $700 billion in financial institutions and progra... Read More »