Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » Government Documents, Legal Research » SIGTARP Quarterly Report to Congress October 27, 2011

SIGTARP Quarterly Report to Congress October 27, 2011

by on

Office of the Special Inspector General for the Troubled Asset Relief Program, Quarterly Report to Congress October 27, 2011

  • “This past quarter, SIGTARP brought transparency to some of the largest banks’ exit from TARP as they pressured Federal banking regulators to expedite their TARP exit because of concerns over executive compensation restrictions and a stigma associated with TARP participation. In stark contrast, approximately 400 smaller community banks remain in TARP and SIGTARP made recommendations that Treasury, in consultation with Federal banking regulators, develop a clear TARP exit path for community banks. SIGTARP also published an audit questioning $8.1 million in legal fees Treasury paid to law firms whose bills included block billing, either no or vague descriptions of work performed, unsupported expenses, and administrative charges not allowed under the contract. SIGTARP also made four new recommendations to improve servicer performance in TARP’s housing programs.” See also:
    • LinkedIn

    Sorry, comments are closed for this post.