TARP Investment Program

In Newsby Kevin Sullivan1 Comment

The proposed governmental program allowing the purchase of toxic bank assets “presents an ideal opportunity” for criminals wishing to launder money, a U.S. watchdog agency said Tuesday.

Troubled Asset Relief Program (TARP)

In Newsby Kevin SullivanLeave a Comment

The Office of the Special Inspector General for the Troubled Asset Relief Program (“SIGTARP”) was created under the Emergency Economic Stabilization Act of 2008 (“EESA”) to conduct, supervise, and coordinate audits and investigations of the purchase, management, guaranty, and sale of assets under the TARP. More than $300 billion has already been expended, and Secretary Geithner has now outlined his plans for how Treasury will spend the balance of the $700 billion approved by Congress under EESA…”