Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues

Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues
Author: Richard J. Hillman
Publisher: DIANE Publishing
Total Pages: 16
Release: 2010-02
Genre: Business & Economics
ISBN: 1437917046

Discusses the Troubled Asset Relief Program (TARP), under which the Dept. of the Treasury has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions. The Act that authorized TARP on Oct. 3, 2008, requires a report at least every 60 days on findings resulting from oversight of the actions taken under TARP. This testimony is based primarily on a Jan. 30, 2009 report, the second under the act's mandate, which covers the actions taken as part of TARP through Jan. 23, 2009, and follows up on the 9 recommendations made in a Dec. 2, 2008 report. This testimony also provides additional information on some recent developments related to TARP, including Treasury's new financial stability plan. Tables.

Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues

Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues
Author: Gene L. Dodaro
Publisher: DIANE Publishing
Total Pages: 13
Release: 2010-11
Genre: Business & Economics
ISBN: 1437913962

The Troubled Asset Relief Program (TARP) has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions. This authority was granted in response to the financial crisis that has threatened the stability of the U.S. banking system and the solvency of numerous financial institutions. This testimony is based on a Jan. 30, 2009 report that covers the actions taken as part of TARP through Jan. 23, 2009. It focuses on: (1) the nature and purpose of activities that have been initiated under TARP as of Jan. 23, 2009; (2) the status of the transition to the new admin. at OFS and its hiring efforts, use of contractors, and dev¿t. of a system of internal control; and (3) preliminary indicators of TARP's performance.

Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues

Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues
Author: Thomas J. McCool
Publisher: DIANE Publishing
Total Pages: 16
Release: 2011
Genre: Business & Economics
ISBN: 1437919669

This is a print on demand edition of a hard to find publication. The Emergency Economic Stabilization Act that authorized TARP on Oct. 3, 2008, requires a report at least every 60 days on findings resulting from oversight of the status of actions taken under the program. This statement is based on the 5th mandated report, issued on June 17, 2009, which follows up on the previous recommendations and covers the actions taken as part of TARP through June 12, 2009. Specifically, this statement focuses on: (1) the nature and purpose of activities that have been initiated under TARP, including repurchases of preferred shares and warrants; (2) Treasury¿s efforts to establish a management structure for TARP; and (3) outcomes measured by indicators of TARP¿s performance. Charts and tables.

Transparency in Government Operations

Transparency in Government Operations
Author: Mr.J. D. Craig
Publisher: International Monetary Fund
Total Pages: 50
Release: 1998-02-03
Genre: Business & Economics
ISBN: 155775697X

Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.

Troubled Asset Relief Program: Status of Programs and Implementation of GAO Recommendations

Troubled Asset Relief Program: Status of Programs and Implementation of GAO Recommendations
Author: Orice Williams Brown
Publisher: DIANE Publishing
Total Pages: 119
Release: 2011-04
Genre: Reference
ISBN: 1437944973

Since the Troubled Asset Relief Program (TARP) was implemented, GAO has issued more than 40 reports containing more than 60 recommendations to the Treasury Dept. (Treasury). This report assesses the status of Treasury's implementation of these recommendations and current condition of TARP. Specifically, this report provides info. on; (1) the condition and status of active TARP programs; (2) Treasury's progress in implementing an effective management structure, including staffing for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) trends in the status of key relevant economic indicators. Illus. A print on demand report.

TARP Oversight

TARP Oversight
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations
Publisher:
Total Pages: 152
Release: 2009
Genre: Law
ISBN:

Troubled Asset Relief Program

Troubled Asset Relief Program
Author: Gene L. Dodaro
Publisher: DIANE Publishing
Total Pages: 68
Release: 2010
Genre: Political Science
ISBN: 1437920748

The sixth report on the Troubled Asset Relief Program (TARP) focuses on the Department of the Treasury's (Treasury) efforts to establish its Home Affordable Modification Program (HAMP). This 60-day report examines: (1) the design of HAMP's program features with respect to maximizing assistance to struggling homeowners; (2) the analytical basis for Treasury's estimate of the number of loans that are likely to be successfully modified using TARP funds under HAMP; and (3) the status of Treasury's efforts to implement operational procedures and internal controls for HAMP. Charts and tables.