Treasury ignoring critical issues with TARP
Treasury ignoring critical issues with TARP, GAO says
The Government Accountability Office said the Treasury Department has not developed policies to ensure that the $700 billion Troubled Asset Relief Program is achieving its goals or to determine whether banks are complying with its restrictions. The congressional watchdog said the Treasury does not have a system for keeping up with whether banks are following TARP's limits on dividend and executive compensation.
(full article)
Financial Times
The Government Accountability Office said the Treasury Department has not developed policies to ensure that the $700 billion Troubled Asset Relief Program is achieving its goals or to determine whether banks are complying with its restrictions. The congressional watchdog said the Treasury does not have a system for keeping up with whether banks are following TARP's limits on dividend and executive compensation.
(full article)
Financial Times
Labels: bail out, Henry Paulson, TARP, US Treasury
posted by Victor Lloyd Smith @ 1:11 PM
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