SIGTARP Quarterly Report to Congress October 30, 2010

by Sabrina I. Pacifici on January 31, 2010

Office of the Special Inspector General of the Troubled Asset [SIGTARP] Relief Program Advancing Economic Stability Through Transparency, Coordinated Oversight and Robust Enforcement – Quarterly Report to Congress – October 30, 2010.

  • “Well into its second year of operations, the Troubled Asset Relief Program (“TARP”) remains a vitally important part of the Federal Government’s response to the economic crisis, and the formal extension of TARP by the Secretary of the U.S. Department of the Treasury (“Treasury”) on December 9, 2009, makes it clear that this role will continue well into 2010. The focus of TARP has begun to shift, however, as the early TARP programs that invested huge sums in banks are now closed to further investments and most of the largest bank recipients have repaid their TARP funds. Treasury has stated that, going forward, TARP will focus on foreclosure mitigation efforts, small-business lending, and a continuation of support for the asset-backed securities (“ABS”) markets.”
  • Related postings on financial system
  • See also Work of Special IG For TARP Draws Increasing Attention and other postings on the SIGTARP
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