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Search Tags: TARP
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.
Congressional auditors are recommending some changes to the way treasury manages the Troubled Asset Relief Program (TARP).
As he concludes his tenure as the Special Inspector General for the Troubled Asset Relief Program, Neil Barofsky looks back in candor.
Under enormous pressure, with little time to spare and no playbook to follow, the Treasury Department's newly created Office of Financial Stability (OFS) had to recruit highly qualified staff to administer TARP, build an operation from scratch, negotiate complex agreements to provide hundreds of billions of dollars, and ensure that their decisions were done according to the strict letter of the law and with strong fiscal controls. Timothy Massad, chief counsel, explains how they pulled that off.
In his office, he swears in new employees, is in charge of the CFC campaign, and even made vegetarian chili for the CFC campaign chili cook-off. And that's NOT when he's being the Special Inspector General for the Troubled Asset Relief Program. Meet Causey Award winner, Neil Barofsky.
Orice Williams, director of financial markets and community investment Issues at GAO, joined the DorobekINSIDER to discuss a GAO report about how banks have fared paying back TARP funds.
Neil Barofsky is one of seven winners of Federal News Radio's 2010 Causey Awards. He built the Office of the Special Inspector General for the Troubled Asset Protection Program, from two people to 100 people in one year, doubling his staff every two months by calling upon experienced folks from every agency.
Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program, was nominated for a Causey Award for building the TARP office from the ground up.
A Government Accountability Office report to be released Tuesday finds contractors who received stimulus funds have more than $757 million in back taxes.
The Treasury Department's contracting process for legal services under the Troubled Asset Relief Program lacks controls to prevent overpayment.