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Treasury Releases Responses to Congressional Oversight Panel

News release: “The Treasury Department today released responses to questions posed in the Congressional Oversight Panel’s first report on implementation of the Emergency Economic Stabilization Act.”

  • Responses to Questions of the First Report of the Congressional Oversight Panel for Economic Stabilization, Department of the Treasury, December 30, 2008: “The Nation has been experiencing an unprecedented period of financial market turmoil with market events occurring rapidly and unpredictably. The Treasury Department has responded and adapted quickly to these events. Throughout the crisis, Treasury’s strategy has been to work in coordination with all government agencies to use all the tools available to the government to achieve the following critical objectives:
    • Stabilize financial markets and reduce systemic risk
    • Support the housing market by avoiding preventable foreclosures and supporting mortgage finance
    • Protect taxpayers.
    • Related postings on financial system
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