Showing posts with the label Congressional Oversight Panel

TARP Congressional Oversight Panel Hearing in NYC

The TARP Congressional Oversight Panel Hearing is scheduled to have a hearing on May 28, 2009 in New York City. The hearing "will examine the state of our financial markets and assess the effectiveness of TARP.” According to the Panel, " In response to the escalating crisis, on October 3, 2008, Congress provided the U.S. Treasury with the authority to spend $700 billion to stabilize the U.S. economy. Congress created the Office of Financial Stabilization (OFS) within Treasury to implement a Troubled Asset Relief Program (TARP). At the same time, Congress created a Congressional Oversight Panel (COP) to review the current state of financial markets and the regulatory system." No location has been set. The witness list has not been released. To get more information, you can contact the Panel at 202-224-9925. Let us know what you find out.