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Congressional Oversight Panel: Congressional Oversight Panel to Hold Hearing on the TARP's Impact on Financial Stability

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Home > Press > Congressional Oversight Panel to Hold Hearing on the TARP's Impact on Financial Stability

Congressional Oversight Panel to Hold Hearing on the TARP's
Impact on Financial Stability
February 28, 2011
For Immediate Release

WASHINGTON, D.C. - On Friday, March 4 at 10:00 a.m., the Congressional Oversight
Panel for the Troubled Asset Relief Program (TARP) will convene in 538 Dirksen Senate
Office Building to hold its final hearing. The Panel will hear expert testimony from the
agencies who helped to coordinate the government's unprecedented response to the 2008
financial crisis, as well as from several of the nation's leading economists, who will offer
their assessments of the TARP's impact on financial stability and the U.S. economy.
By statute, the Congressional Oversight Panel will dissolve on April 3, 2011. The Panel will
issue a final report on the TARP in mid-March.
WHO:
Members of the TARP Congressional Oversight Panel
Witnesses
Panel One:
Timothy Massad, Acting Assistant Secretary for Office of
Financial Stability, U.S. Department of Treasury
Panel Two:
Jason Cave, Deputy Director for Complex Financial
Institutions Monitoring, Federal Deposit Insurance
Corporation
Patrick Lawler, Chief Economist and Head of the Office
of Policy Analysis and Research, Federal Housing Finance
Agency
William R. Nelson, Deputy Director, Division of
Monetary Affairs, Federal Reserve System
Panel Three:
Joseph E. Stiglitz, Nobel Laureate and University
Professor, Columbia Business School, Graduate School of
Arts and Sciences (Department of Economics) and the
School of International and Public Affairs
Allan H. Meltzer, Allan H. Meltzer University Professor

http://cybercemetery.unt.edu/archive/cop/20110401223220/http://cop.senate.gov/press/releases/release-022811-hearing.cfm[12/15/2015 11:48:31 AM]

Congressional Oversight Panel: Congressional Oversight Panel to Hold Hearing on the TARP's Impact on Financial Stability

of Political Economy at Carnegie Mellon University
Simon H. Johnson, Ronald A. Kurtz (1954) Professor of
Entrepreneurship, MIT Sloan School of Management, and
Senior Fellow, Peterson Institute for International
Economics
Luigi Zingales, Robert C. McCormack Professor of
Entrepreneurship and Finance and the David G. Booth
Faculty Fellow, University of Chicago Booth School of
Business
WHAT:
Hearing on the TARP's Impact on Financial Stability
WHEN:
Friday, March 4, 2011; 10:00 a.m.
WHERE:
Room 538, Dirksen Senate Office Building
The hearing is open to press and public and will be webcast on the Panel's website at
cop.senate.gov. Individuals with disabilities who require an auxiliary aid or service,
including closed captioning service for webcast hearings, should contact the Panel's staff at
202-224-9925 at least two business days in advance of the hearing date.
The Congressional Oversight Panel was created to oversee the expenditure of the
Troubled Asset Relief Program funds authorized by Congress in the Emergency Economic
Stabilization Act of 2008 and to provide recommendations on regulatory reform. The
Panel members are former Senator Ted Kaufman; J. Mark McWatters; Richard H.
Neiman, Superintendent of Banks for the State of New York; Damon Silvers, Policy
Director and Special Counsel for the AFL-CIO; and Kenneth Troske, William B. Sturgill
Professor of Economics at the University of Kentucky.

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