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"Accountability for the Troubled Asset Relief Program" is the title of the second report of the Congressional Oversight Panel (COP), which Congress created to monitor the disbursement of $700 billion in bailout funds.
The big bank stragglers seem to be racing to get their Troubled Asset Relief Program funds back to the government.
Mr. Benmosche is right that the stigma of being one of the remaining recipients of Troubled Asset Relief Program aid as the program winds down wouldn't be good for credibility.
The Senate on Tuesday also adopted an amendment sponsored by Senator Michael Bennet, Democrat of Colorado, requiring that more than $180 billion in bailout money repaid to the Treasury under the Troubled Asset Relief Program be used to reduce the federal deficit rather than toward more bailouts or new spending.
Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP) is set to deliver much anticipated testimony on Tuesday before the House of Representatives.
Spending authority under the Troubled Asset Relief Program, as the bailout is called, would be redirected instead to pay for the financial regulation legislation nearing the finish line.
How about instead of Troubled Asset Relief Program it was called Securitized Holdings Investment Trust?
Next month will be the three-year anniversary of the highly contentious Troubled Asset Relief Program.
Barring any unforeseen emergencies before he's inaugurated, Obama will have access to around $400 billion in Troubled Asset Relief Program funds.
Meanwhile, investors are pondering the future of firms that have already received Troubled Asset Relief Program infusions, particularly Citigroup and Bank of America, which have received capital injections and guarantees on hundreds of billions of dollars in assets.
Treasury Secretary Henry Paulson clarified the focus of the U.S. government's Troubled Asset Relief Program Wednesday morning, and it turns out the title is a misnomer.
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