REPORT | Troubled Asset Relief Program (TARP) and Home Affordable Mortgage Program (HAMP)

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REPORT | Troubled Asset Relief Program (TARP) and Home Affordable Mortgage Program (HAMP)

REPORT | Troubled Asset Relief Program (TARP) and Home Affordable Mortgage Program (HAMP)

Members of the committee questioned Special Inspector General Barofsky and others about the quarterly report on the Troubled Asset Relief Program (TARP) and Home Affordable Mortgage Program (HAMP) . Chairman Rep. Darrell Issa, (R-CA) Witnesses: Neil Barofsky, special inspector general for the troubled asset relief program Department of the Treasury Tim Massad, Acting Assistant Secretary for Financial Stability and Chief Counsel

House Committee on Oversight & Reform hearing on latest SIGTARP report:

http://www.c-spanvideo.org/program/Bailouts

Barofsky opening statement: http://oversight.house.gov/images/stories/Hearings/Opening_Statements/Testimony.Barofsky.SIGTARP.012611.pdf

Treasury opening statement: http://oversight.house.gov/images/stories/Hearings/Opening_Statements/Massad_Testimony_1.26.11.pdf

Ranking Minority Member Cummings opening statement barred from ‘live’ delivery by Chair Darrell Issa (R-CA): http://democrats.oversight.house.gov/index.php?option=com_content&view=article&id=5164:cummings-opening-statement-for-the-sigtarp-hearing-&catid=3:press-releases&Itemid=49

Documents and video should be posted later:

http://oversight.house.gov/index.php?option=com_content&view=article&id=1085%3Abailouts-and-the-foreclosure-crisis-report-of-the-special-inspector-general-for-the-troubled-asset-relief-program&catid=12&Itemid=20

January 2011 – SIGTARP quarterly report to Congress: http://www.sigtarp.gov/reports/congress/2011/January2011_Quarterly_Report_to_Congress.pdf

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