Barack Obama

TARP Comes Under Fire for Weak Transparency 

The Treasury Department’s implementation of TARP funds came under fire from multiple directions Friday as regulators criticized the lack of transparency and oversight. The Congressional Oversight Panel in its first report since issuing a list of questions Dec. 10 — many of which went unanswered — on Friday called for increased bank accountability in the use of TARP funds, transparency and asset evaluation, increased efforts to prevent foreclosures, and a clearly defined strategy.