Table of Contents:
  • TARP IN THE CROSSHAIRS: ACCOUNTABILITY IN THE TROUBLED ASSET RELIEF PROGRAM ; TARP IN THE CROSSHAIRS: ACCOUNTABILITY IN THE TROUBLED ASSET RELIEF PROGRAM ; CONTENTS ; PREFACE; ACCOUNTABILITY FOR THE TROUBLED ASSET RELIEF PROGRAM; EXECUTIVE SUMMARY; INTRODUCTION ; TREASURY DEPARTMENT UPDATES SINCE PRIOR REPORT; QUESTIONS ABOUT THE 700 BILLION: DISCUSSION OF TREASURY'S RESPONSES; 1. What Is Treasury's Strategy? ; 2. Is the Strategy Working to Stabilize Markets? ; 3. Is the Strategy Helping to Reduce Foreclosures?
  • 4. What Have Financial Institutions Done with the Taxpayers' Money Received so Far? 5. Is the Public Receiving a Fair Deal?; 6. What Is Treasury Doing to Help the American Family? ; 7. Is Treasury Imposing Reforms on Financial Institutions that Are Taking Taxpayer Money?; 8. How Is Treasury Deciding which Institutions Receive the Money? ; 9. What Is the Scope of Treasury's Statutory Authority? ; 10. Is Treasury Looking Ahead? ; OVERSIGHT ACTIVITIES; TREASURY DEPARTMENT RESPONSE GRID ; Report on Field Hearing in Clark County, Nevada; FUTURE OVERSIGHT ACTIVITIES ; Public Hearings.
  • Upcoming ReportsPublic Participation and Comment Process ; ABOUT THE CONGRESSIONAL OVERSIGHT PANEL; ALTERNATIVE VIEWS ; Sen. John E. Sununu; APPENDIX I: LETTER FROM CONGRESSIONAL OVERSIGHT PANEL CHAIR ELIZABETH WARREN TO TREASURY SECRETARY MR. HENRY M. PAULSON, JR., DATED DECEMBER 17, 2008 ; APPENDIX II: TREASURY DEPARTMENT RESPONSES TO QUESTIONS OF THE FIRST REPORT OF THE CONGRESSIONAL OVERSIGHT PANEL, DATED DECEMBER 30, 2008; REFERENCES ; FINANCIAL STABILITY PLAN; 1. Financial Stability Trust; 2. Public-Private Investment Fund; 3. Consumer & Business Lending Initiative
  • Up to 1 Trillion.
  • 4. New Era of Transparency, Accountability, Monitoring and Conditions5. Housing Support and Foreclosure Prevention; 6. Small Business and Community Lending Initiative; TESTIMONY OF DEAN BAKER, BEFORE THE HOUSE FINANCIAL INSTITUTIONS SUBCOMMITTEE OF THE FINANCIAL SERVICES COMMITTEE, MARCH 4, 2009; THE INSOLVENCY OF THE MAJOR BANKS; THE CREDIT SQUEEZE AND THE ECONOMY; RESTRUCTURING THE NATION'S BANKING SYSTEM ; REFERENCES.
  • TESTIMONY OF MR. C.R. CLOUTIER, PRESIDENT AND CEO, MIDSOUTH BANK, NA, ON BEHALF OF THE INDEPENDENT COMMUNITY BANKERS OF AMERICA, BEFORE THE CONGRESS OF THE UNITED STATES, HOUSE OF REPRESENTATIVES SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER CREDIT COMMITTEE ON FINANCIAL SERVICES, HEARING ON "TARP OVERSIGHT: IS TARP WORKING FOR MAIN STREET?", MARCH 4, 2009, WASHINGTON, DCCOMMUNITY BANKS AND THE CAPITAL PURCHASE PROGRAM; MIDSOUTH PARTICIPATES IN THE CPP; MIDSOUTH PROMOTES AVAILABILITY OF FUNDS; PUBLIC RESPONSE TO OUTREACH EFFORTS; MUTUAL TERM SHEET; MIDSOUTH KEEPING OPTIONS OPEN ON CPP.