The Congressional Oversight Panel scrutinizing the Troubled Asset Relief Program (TARP) has released its latest report about how well the Treasury Department has overseen the private companies and contractors carrying out the program' s work.
Congress created TARP to stabilize the economy in the wake of the 2008 financial crisis, and numerous reports have been released since. Read the Treasury Department' s recently-released two-year retrospective report on TARP, along with a number of reports the General Accounting Office (GAO) has written about the program. See the GAO' s reports on: TARP support for insurance giant AIG; the government' s role as shareholder in AIG, Citigroup, Chrysler and General Motors; the Home Affordable Modification Program, which is intended to help struggling mortgage holders; and government efforts to help U.S. automakers.
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