02778oam 2200565 a 450 991069881760332120090601165048.0(CKB)5470000002397693(OCoLC)320780505(EXLCZ)99547000000239769320090511d2009 ua 0engurmn||||a||||txtrdacontentcrdamediacrrdacarrierTroubled Asset Relief Program[electronic resource] status of efforts to address transparency and accountability issues : testimony before the Subcommittee on Oversight, Committee on Ways and Means, House of Representatives /statement of Gene L. Dodaro[Washington, D.C.] :U.S. Govt. Accountability Office,[2009]19 pages digital, PDF fileTestimony ;GAO-09-484TTitle from title screen (viewed on May 11, 2009)."For release ... March 19, 2009."Includes bibliographical references.This testimony discusses [GAO's] work on the Troubled Asset Relief Program (TARP), under which the Department of the Treasury (Treasury) has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions through its Office of Financial Stability (OFS). Specifically, this statement focuses on (1) the nature and purpose of activities that have been initiated under TARP; (2) the status of OFS's hiring efforts, use of contractors, and development of a system of internal control; (3) implications of TARP and other events on federal debt management, and (4) preliminary indicators of TARP's performance.Troubled Asset Relief Program Economic assistanceFinancial crisesUnited StatesBanks and bankingState supervisionUnited StatesDebt financing (Corporations)United StatesBank failuresUnited StatesBank loansEconomic stabilizationUnited StatesUnited StatesEconomic policy2001-2009Economic assistance.Financial crisesBanks and bankingState supervisionDebt financing (Corporations)Bank failuresBank loans.Economic stabilizationDodaro Gene L1386047United States.Congress.House.Committee on Ways and Means.Subcommittee on Oversight.United States.Government Accountability Office.ESRESRGPOBOOK9910698817603321Troubled Asset Relief Program3462503UNINA