Title:

Troubled Asset Relief Program : Treasury's Framework for Deciding to Extend TARP Was Sufficient, But Could Be Strengthened for Future Decisions

Troubled Asset Relief Program : Treasury's Framework for Deciding to Extend TARP Was Sufficient, But Could Be Strengthened for Future Decisions

DATE: June 30, 2010

AUTHORS:

ABSTRACT:

The Department of the Treasury's (Treasury) authority to purchase, commit to purchase, or commit to guarantee troubled assets was set to expire on December 31, 2009. This important authority has allowed Treasury to undertake a number of programs to help stabilize the financial system. In December 2009, the Secretary of the Treasury extended the authority to October 3, 2010. In our October 2009 report on the Troubled Asset Relief Program (TARP), GAO suggested as part of a framework for decision making that Treasury should coordinate with relevant federal agencies, communicate with Congress and the public, and link the decisions related to the next phase of the TARP program to quantitative analysis. This report discusses (1) the process Treasury used to decide to extend TARP and the extent of coordination with relevant agencies and (2) the analytical framework and quantitative indicators Treasury used to decide to extend TARP. To meet the report objectives, GAO reviewed key documents related to the decision to extend TARP, interviewed agency officials and analyzed financial data.

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United States. Department of the Treasury and United States. Government Accountability Office. Troubled Asset Relief Program : Treasury's Framework for Deciding to Extend TARP Was Sufficient, But Could Be Strengthened for Future Decisions , Washington, D.C.: U.S. Govt. Accountability Office, June 30, 2010, https://fraser.stlouisfed.org/title/5049, accessed on May 10, 2024.

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ALTERNATE TITLES:

  • Treasury's Framework for Deciding to Extend TARP Was Sufficient, But Could Be Strengthened for Future Decisions

NOTE:

GAO-10-531.

PUBLISHER: U.S. Govt. Accountability Office

PLACE: Washington, D.C.

DIGITAL COPY SOURCE: U.S. Govt. Accountability Office

SUBJECTS: THEME: RELATED ITEM: CLASSIFICATION:
  • sudocs: GA 1.13:GAO-10-531
IDENTIFIER:
  • oclc: 705900120
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