Updated transaction report under the CPP.View the Report »
New report provides an overview of the warrants received by Treasury under the Capital Purchase Program (CPP) of the Troubled Asset Relief Program (TARP) and an explanation of the warrant disposition process and the results achieved on behalf of taxpayers.View the Report »
The Congressional Oversight Panel's January oversight report, "Exiting TARP and Unwinding Its Impact on the Financial Markets," finds that the repayment of TARP assistance represents only the first stage of exiting TARP. Even after repayments are complete, Treasury will hold a massive pool of assets, worth hundreds of billions of dollars, for several years to come. Managing these assets will present extraordinary challenges. Furthermore, any effective exit strategy must address the unwinding of the implicit guarantee created by TARP.Read the Report »
Post describes the CBO's treatment of Fannie Mae and Freddie Mac compared to the Administration's treatment of these entities, and the budgetary consequences of the diffenece.Read the Report »
Report addresses actions taken by the Treasury Secretary and actual obligation and expenditure of the funds provided for administrative expenses, and includes detailed financial statements.Read the Report »
Topics reviewed and discussed include: the the Capital Purchase Program (“CPP”); the Small Bank and Community Development Financial Institutions (“CDFI”) initiative; the Legacy Securities Public-Private Investment Partnership (“S-PPIP”) Program; and the Home Affordable Modification Program (“HAMP”).Read the Minutes »
Testimony discusses (1) the government’s approach to past crisis and challenges unique to the current crisis; (2) the principles guiding the Department of the Treasury’s implementation of its authorities and mechanisms for managing its investments; and (3) preliminary views from GAO’s ongoing work with the Special Inspector General for TARP on the federal government’s monitoring and
management of its investments.