Trouble for TARP

Trouble for TARP

The House Financial Services Committee is today conducting a hearing before the full committee on Oversight Concerns Regarding Treasury Department Conduct of the Troubled Assets Relief Program.

HLS Professor Elizabeth Warren, Chair of the Congressional Oversight Panel for Economic Stabilization, is scheduled to appear as well as Gene Dodaro, Acting Comptroller General of the United States, U.S. Government Accountability Office, Neel Kashkari, Interim Assistant Secretary for Financial Stability and Assistant Secretary for International Affairs, U.S. Department of the Treasury, and U.S. Representative Jeb Hensarling (TX-05), Panelist, Congressional Oversight Panel for Economic Stabilization. Prepared testimony of the witnesses, committee member statements, and a webcast of the proceedings are available.

Also of interest:

Questions About the $700 Billion Emergency Economic Stabilization Funds, The First Report of the Congressional Oversight Panel for Economic Stabilization, Elizabeth Warren, Chair (December 10, 2008)

Troubled Asset Relief Program: Additional Actions Needed to Better Ensure Integrity, Accountability, and Transparency, GAO Report 09-161 (December 2, 2008)

Emergency Economic Stabilization Act of 2008, Pub L. No. 110–343, 122 Stat. 3765 (2008)