Troubled Asset Relief Program (TARP)

The TARP is an extraordinary program of the USA Federal Reserve to sustain liquidity of troubled banks, by temporary purchasing their low quality assets. It has been adopted by the US Congress after the financial crisis of 2008/09, and has been heavily criticised.

The aim of the program was to "stabilize the U.S. financial system, restart economic growth, and prevent avoidable foreclosures".

The US Treasury reports that in 2013 the TARP and non TARP programs have been financed with around $2.5 billion.