Is Treasury Using Bailout Funds to Increase Foreclosure Prevention, as Congress Intended?

Committee on Oversight and Government Reform - Is Treasury Using Bailout Funds to Increase Foreclosure Prevention, as Congress… read more

Committee on Oversight and Government Reform - Is Treasury Using Bailout Funds to Increase Foreclosure Prevention, as Congress Intended? - Subcommittee on Domestic Policy. Congress established the 00 billion Troubled Asset Relief Program on October 3, 2008 to deal with the financial crisis. One of TARP’s core functions was to prevent future foreclosures through the acquisition of mortgage-related assets, such as whole loans, mortgage-backed securities and other financial products, and the implementation of a plan to stem foreclosures on those loans. In creating TARP, Congress was aware of the efforts of the private mortgage servicing industry to prevent foreclosures, and committed an extraordinary sum of taxpayer funds to expand upon those efforts. On November 12, 2008, Treasury Secretary Henry Paulson announced that TARP would not acquire mortgage-related assets. In light of this significant change in TARP’s mission, important oversight questions arise. Video provided by the U.S. House of Representatives. Uploaded by Public.Resource.Org from House.Resource.Org. close

Video Obtained From House.Resource.Org
This video was obtained from the Congress and may be encoded at a different quality than C-SPAN uses for hearings covered with its own cameras. Also, the video might not start at the beginning of the hearing and much of the data normally added to the C‑SPAN.org for committee hearings may not be available.
More information about

Is Treasury Using Bailout Funds to Increase Foreclosure Prevention, as Congress Intended?

0 Views
Program ID:
30963-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
Purchase a DVD or Download

Is Treasury Using Bailout Funds to Increase Foreclosure Prevention, as Congress Intended?

  • DVD
    Length:
    Price:
    $29.95
    Add to Cart
  • MP3 audio
    Request Download