Are you thinking of TARP?

Submitted by jennifer solis (United States), Feb 18, 2009 at 19:13

You might be thinking of TARP (Troubled Assets Relief Program), sponsored by President Bush - but happily endorsed and now active under Obama's Presidency. Bush never called it a "Stimulus Package". It is a program of the United States government to purchase assets and equity from finacial institutions in order to "strengthen its financial sector". It allows the U.S. Department of the Treasury to purchase or insure up to $700 billion of "troubled" assets.

It is now called the Emergency Economic Stabilization Act of 2008.

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