GAO Report Calls for More TARP Safeguards
The GAO has released a report calling for more TARP oversight. Although the GAO acknowledged that TARP is less than 60 days old, it singled out the Capital Purchase Program as lacking the necessary mechanisms to monitor compliance on such issues as executive compensation and dividend payments. The GAO released both a full report and a two page summary, which contains a useful timeline detailing key Treasury activities related to TARP. See below for links to both the GAO summary, including the timeline, and the full report.
