Troubled Asset Relief Program Report

Mr. Barofsky testified about the use of TARP (Troubled Asset Relief Program) funds and levels of transparency for government spending… read more

Mr. Barofsky testified about the use of TARP (Troubled Asset Relief Program) funds and levels of transparency for government spending in the program. He focused on his report which said the Treasury Department had “repeatedly failed to adopt recommendations” to fulfill the administration’s pledge of implementing TARP “with the highest degree of accountability.” Several members criticized the Obama administration, saying the Treasury Department had failed to ask financial firms receiving taxpayers' money what they are doing with it or providing adequate financial disclosures. 

Mr. Barofsky also outlined the apportionment of TARP funds to banks and indicated that his office was conducting 35 criminal and civil investigations that include suspected accounting, securities and mortgage fraud; insider trading; and tax investigations related to the abuse of TARP programs.  close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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Troubled Asset Relief Program Report

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Program ID:
287868-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Jul 21, 2009
Last Aired:
Jul 31, 2009

Airing Details

  • Jul 21, 2009 | 7:30pm EDT | C-SPAN 3
  • Jul 21, 2009 | 9:00pm EDT | C-SPAN 3
  • Jul 21, 2009 | 10:04pm EDT | C-SPAN 2
  • Jul 22, 2009 | 4:20am EDT | C-SPAN 1
  • Jul 24, 2009 | 2:27pm EDT | C-SPAN 3
  • Jul 27, 2009 | 10:34am EDT | C-SPAN 3
  • Jul 30, 2009 | 11:01pm EDT | C-SPAN 3
  • Jul 31, 2009 | 4:59am EDT | C-SPAN 3
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