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Diane Publishing Books
Final Report of the Congressional Oversight Panel
Ted Kaufman (ed)
On Oct. 3, 2008, in response to rapidly deteriorating financial market conditions, Congress and the President created the Troubled Asset Relief Program (TARP) to äóÖäóÖimmediately provide authority and facilities that the Secretary of the Treasury can use to restore liquidity and stability to the financial system of the United States.äó»äó» The same law also established the Congressional Oversight Panel (COP) and charged it with providing public accountability for Treasuryäó»s use of its TARP authority. By statute, the Panel terminates six months after the expiration of TARP authority, which ended on Oct. 3, 2010. Thus, the Paneläó»s work concludes with this report. For its final report, the Panel summarizes and updates its comprehensive body of oversight work. The report describes the financial crisis and the broad array of federal initiatives undertaken in response. The Panel also provides a summary of its key findings and recommendations, along with updates since the Paneläó»s prior work. Figures and tables. This is a print on demand report.
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