Panel is concerned by Treasury's TARP principles

01/14/2010 | MarketWatch

The Congressional Oversight Panel for the Troubled Asset Relief Program released a report about exiting TARP in which it questions the program's broad principles developed by the Treasury Department. The panel said the Treasury's principles are at times at odds with one another. "The most profitable moment to sell a TARP asset may not be the moment that best promotes systemic stability or the moment that best serves a particular institution," the panel reported. "This means that there is effectively no metric to determine whether Treasury's actions met its stated goals."

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