TARP IG Reports Underscore Need for Better Transparency in Financial Bailout

Two recent reports by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Neil Barofsky, provide useful information and stand in sharp contrast to the Treasury Department's attempt to provide comparable transparency for the program, also known as TARP. One report clearly presents existing TARP information, while the other supplies new data that Treasury should be providing. In both cases, the reports highlight changes Treasury ... Full Story »

Posted by Dwight Rousu

See All Reviews »

Review

Dwight Rousu
4.1
by Dwight Rousu - Jul. 29, 2009

The largely secretive TARP funds get some recommendations for transparency here.

Treasury should restructure the entire FinancialStability.gov site, such that TARP information is more readily accessible and clearly presents relevant financial data. Without such reforms, Congress, the news media, government watchdogs, and the general public will lack basic tools for understanding how the Treasury Department is using the $700 billion Congress mandated it to deploy to “restore liquidity and stability to the financial system of the United States; protects home values, college funds, retirement accounts, and life savings; and preserves homeownership and promotes jobs and economic growth.”

See All Reviews »

Dwight's Rating

Overall
4.1

Good
from 13 answers
Quality
4.1
Facts
4.0
Fairness
4.0
Sourcing
4.0
Style
3.0
Context
4.0
Depth
4.0
Enterprise
5.0
Relevance
5.0
Popularity
4.0
Recommendation
4.0
Credibility
4.0
More How our ratings work »