Treasury dodges tough questions in response to panel

01/2/2009 | Bloomberg Businessweek

The Treasury Department's 13-page response to a critical report from the Congressional Oversight Panel, which was set up to keep an eye on the government's bank bailout, leaves many tough questions raised by the panel unanswered. The response offers a summary of actions taken but fails to outline the Treasury's definition of success or explain whether and how these actions helped prevent foreclosures. The Treasury tried to convey that it has a handle on the crisis and that its actions have prevented the crisis from causing even greater damage.

View Full Article in:

Bloomberg Businessweek

Published in Brief: