Treasury ignoring critical issues with TARP

Treasury ignoring critical issues with TARP, GAO says

The Government Accountability Office said the Treasury Department has not developed policies to ensure that the $700 billion Troubled Asset Relief Program is achieving its goals or to determine whether banks are complying with its restrictions. The congressional watchdog said the Treasury does not have a system for keeping up with whether banks are following TARP's limits on dividend and executive compensation.

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Financial Times