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As TARP winds down, GAO eyes Treasury's to-do list
Thursday - 9/22/2011, 10:59am EDT
The Treasury Department is making progress winding down TARP — the Troubled Asset Relief Program.
However, it's also chosen to ignore some Government Accountability Office recommendations aimed at better transparency and accountability, according to a recent GAO report.
Nikki Clowers, GAO's director of financial markets and community investment issue, joined the Federal Drive with Tom Temin and Amy Morris to discuss the recommendations that have gone unheeded.
*One recommendation is about checking on required housing counseling for borrowers under the Making Home Affordable Program. What is the recommendation and why isn't Treasury following through? *What other recommendations has Treasury decided are not in its best interest? *Overall, you say Treasury has made lots of progress. Give us the highlights. *What's next?