User Clip: Elizabeth Warren Questions Timothy Geithner on TARP Bailout (2009)

Troubled Asset Relief Program Oversight Panel From CSPAN.org Sep 10, 2009. The Congressional Oversight Panel (COP) received an update on the status of the $700 billion Troubled Asset Relief Program (TARP) funds from Treasury Secretary Tim Geithner. It was his second appearance before the panel since it being formed the previous year. The Emergency Economic Stabilization Act of 2008 (EESA) authorized the creation of the Congressional Oversight Panel to oversee the TARP funds. Geithner in his testimony said recovery is still far from over but that improved conditions in the banking industry have prompted the Treasury Department to begin winding down emergency support programs. He added later, "I would not want anyone to be left with the impression that we're not still facing really substantial enormous challenges throughout the U.S. financial system.". Chairman of Congressional Oversight on TARP Bailour questions Secretary of Treasury, Timothy Geithner. close