On December 10, 2008, the Congressional Oversight Panel for Economic Stabilization issued its first report on the Treasury’s implementation of the Troubled Assets Relief Program. On December 11, 2008, the Chair of the Oversight Panel, Harvard Law Professor Elizabeth Warren, sat down with Terry Gross on NPR’s Fresh Air to discuss how taxpayer money is being spent in the financial bailout program.  The report and interview give insight into how the political process surrounding the TARP program may affect the program going forward.

The Congressional Oversight Panel has presented ten questions for analyzing the TARP program.

  1. What is Treasury’s Strategy?
  2. Is the Strategy Working to Stabilize Markets?
  3. Is the Strategy Helping to Reduce Foreclosures?
  4. What Have Financial Institutions Done with the Taxpayers’ Money Received So Far?
  5. Is the Public Receiving a Fair Deal?
  6. What is Treasury Doing to Help the American Family?
  7. Is Treasury Imposing Reforms on Financial Institutions that are taking Taxpayer Money?
  8. How is Treasury Deciding Which Institutions Receive the Money?
  9. What is the Scope of Treasury’s Statutory Authority?
  10. Is Treasury Looking Ahead?