Troubled Asset Relief Program: as Treasury continues to exit programs, opportunities to enhance communication on costs exist: report to congressional (Paperback) (ISBN-13: 9781974227051)

" The Emergency Economic Stabilization Act of 2008 authorized the Department of the Treasury (Treasury) to create the Troubled Asset Relief Program (TARP), a $700 billion program designed to restore the liquidity and stability of the financial system. The act also requires that GAO report every 60 days on TARP activities. This report examines (1) the condition and status of TARP programs; (2) Treasury's management of TARP operations, including staffing for the Office of Financial Stability (OFS) and oversight of contractors and financial agents; and (3) what is known about the direct and indirect costs of TARP. To do this work, GAO analyzed audited financial data for various TARP programs; reviewed documentation such as program terms and internal decision memos; analyzed TARP cost estimates from the Congressional Budget Office (CBO), the Office of Management and Budget, and Treasury; and interviewed CBO and OFS officials. "

Author: U. S. Government Accountability Office
ISBN-10: 1974227057
ISBN-13: 9781974227051
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 08/04/2017
Pages: 86
Format: Paperback
Weight: 0.49lbs
Size: 11.02h x 8.50w x 0.18d