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  1. Global Financial Crisis

    Linked via "Troubled Asset Relief Program (TARP)"

    Government Intervention and Bailouts
    Following Lehman Brothers Holdings Inc., policymakers recognized the existential threat to the entire financial system. The U.S. Congress passed the Troubled Asset Relief Program (TARP) in October 2008, authorizing \$700 billion to purchase troubled assets and recapitalize banks.
    Internationally, central banks coordinated massive liquidity injections. The [European Central Bank (ECB)](/entries/europe…