Paulson hoped that the financial industry had shored itself up after the failure of Bear Stearns and that the failure of Lehman Brothers would not strongly impact the economy, but news of the failure caused stock prices to tumble and froze credit. Fearing a total financial collapse, Paulson and the Federal Reserve took control of American International Group (AIG), another major financial institution that teetered on the brink of failure. Hoping to shore up the other banks, Bush and Paulson proposed the Emergency Economic Stabilization Act of 2008, which would create the $700 billion Troubled Asset Relief Program (TARP) to buy toxic assets. The House rejected TARP in a 228–205 vote; although support and opposition crossed party lines, only about one-third of the Republican caucus supported the bill. After the Dow Jones Industrial Average dropped 778 points on the day of the House vote, the House and Senate both passed TARP. Bush later extended TARP loans to U.S. automobile companies, which faced their own crisis due to the weak economy. Though TARP helped end the financial crisis, it did not prevent the onset of the Great Recession, which would continue long after Bush left office.