Troubled Asset Relief Program (TARP): Status of GAO Recommendations to Treasury Department

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By A. Nicole Clowers (au)
Year: 2013
Pages: 24
Binding Paperback
ISBN 978-1-4578-4499-7

Product Code: 1457844990

Description

The Emergency Economic Stabilization Act of 2008 (EESA) authorized the creation of the Troubled Asset Relief Program (TARP) to address the most severe crisis that the financial system had faced in decades. EESA provided GAO with broad oversight authorities for actions taken under TARP and required that they report at least every 60 days on TARP activities and performance. While the Treasury Dept. has addressed most of GAOäó»s recommendations, some remain outstanding. This 60-day report describes the status of GAOäó»s Troubled Asset Relief Program (TARP) recommendations to Treasury as of Feb. 2013. It focuses particularly on two major TARP programs: the Capital Purchase Program (CPP), which supports certain U.S. financial institutions, and Making Home Affordable (MHA), which is a collection of housing programs designed to help homeowners avoid foreclosure. Figure. This is a print on demand report.

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