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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