Blogs: Oversight Of The Troubled Asset Relief Program

This morning, the Congressional Oversight Panel held a hearing with testimony from Treasury Secretary Timothy Geithner. The Congressional Oversight Panel was created to oversee the expenditure of the Troubled Asset Relief Program (TARP) ...

Focusing on the needs of financial consumers rather than the requests of the powerful producers, she defies the regulatory agency norm of switching back and forth between private business and public oversight. ... Hank Paulsen, former Treasury Secretary, not to mention former Goldman Sachs CEO, earned Warren's criticism over his handling of the Troubled Assets Relief Program (TARP). Now his disciple, Timothy Geithner, runs the Treasury – and Warren remains skeptical. ...

Neil Barofsky, special inspector general for the Troubled Asset Relief Program, chastised Treasury for its unrealistic goals and expectations. “I fear that the growing public suspicion that this program is an outright failure will continue ... Elizabeth Warren, who chairs the bailout Congressional Oversight Panel, said, “It's too small, it's too slow. The program is based on the assumption that we will pay the servicers a bribe to make a deal between the homeowner and the ...