Treasury Department Use of Bailout Funds, Panel 2


Witnesses testified about the Treasury Department's use of a $700 billion fund, known as the Troubled Assets Relief Program (TARP). They focused on the operation and management of the fund, oversight by Congress, potential disbursement of money and impact on the economy, as well as likely fallout for banks and consumers. Featuring Michael S. Barr, Senior Fellow, Center for American Progress Action Fund; Alys Cohen, Staff Attorney, National Consumer Law Center; Thomas Deutsch, Executive Director, American Securitization Forum; Darrell Issa, U.S. Representative, [R] California; Stephen S. Kudenholdt, Chair, Thacher Proffitt and Wood, Structured Finance Practice Group; Larry B. Litton Jr., President and CEO, Litton Loan Servicing; Anthony B. Sanders, Professor, Arizona State University, W.P. Carey School of Business; Dennis Kucinich, U.S. Representative, [D] Ohio.
Date:
November 13, 2008
Run time:
1:18:24
Categories:
Other
Location:
Washington, DC
Presented by:
House Oversight and Government Reform Subcommittee on Domestic Policy