The inspector general overseeing the Troubled Asset Relief Program has launched six audits, looking into such matters as executive compensation at companies that got taxpayer capital and the role of external influences in awarding bailout money.
Neil M. Barofsky, the inspector general for TARP, announced the audits in a quarterly report to Congress last week.
The office is one of a number of oversight bodies charged with ensuring that the $700 billion dedicated to the program is spent properly.The six audits trace areas of growing public concern about the bailout. One of them, for instance, examines how TARP recipients are handling the question of executive compensation.
Read on.
No comments:
Post a Comment