GAO identifies financial management problems with TARP

Thursday - 4/21/2011, 6:12pm EDT

Gary Engel, director of financial management and assurance issues, GAO

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Congressional auditors are recommending some changes to the way treasury manages the Troubled Asset Relief Program (TARP).

The Government Accountability Office is following up on serious financial management problems it found with treasury's Office of Financial Stability.

Gary Engel, GAO's director of financial management and assurance issues, describes the findings.