SIGTARPSpecial Inspector General for the Troubled Asset Relief Program (Washington, DC)
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According to the SIGTARP report, there are currently 69 banks and credit unions remaining.
By comparison, Barofsky reports that by the time he stepped out of the SIGTARP position on March 31, 2012, there were "fewer than 800,000 ongoing permanent modifications," a number that was growing "at a glacial pace.
statute, SIGTARP is required to audit the Treasury Department's
SIGTARP (2009a) and Congressional Oversight Panel (2009) provide a more detailed analysis of the TARP funds distributed to other programs.
Transparency and the Specific Uses of TARP Capital All of the Oversight Bodies, but especially SIGTARP, have persisted in criticizing Treasury about the banks' use of the TARP capital funds.
SIGTARP has based the report on an investigation into the extent of knowledge and oversight by the Federal Reserve and Treasury officials concerning AIG bonus plans, including retention payments issued to AIG Financial Products unit staff members.
21 million new shares outstanding, according to SIGTARP (2009).
SIGTARP -- the Office of the Special Inspector General for the Troubled Asset Relief Program--had more than 150 ongoing criminal and civil investigations as of July 11, according to the report for the third quarter of the federal fiscal year.
At SIGTARP, she led the Agency's oversight efforts for the Public Private Investment Program (PPIP), audits on TARP's largest financial institution recipients, and enforcement initiatives with Federal inter-agency task forces.
Grayson has a few questions to which he hopes SIGTARP Nell Barofsky will find answers.
Earlier in 2009, BancGroup provided documents to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) in response to a subpoena issued by SIGTARP.
While the SIGTARP report says there is currently no designated federal regulator for AIG, and adds that it remains unclear how the government will oversee AIG in the future, it does note that there are two avenues for federal regulation going forward.