TITLE

TARP IG Wants Guards on PPIP

AUTHOR(S)
Collins, Brian
PUB. DATE
April 2009
SOURCE
National Mortgage News;4/27/2009, Vol. 33 Issue 30, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the demand of Neil Barofsky, inspector general of the Troubled Asset Relief Program (TARP), for the U.S. Treasury Department to guard the Public-Private Investment Program (PPIP). It is stated that Barofsky urged the agency to install safeguards to prevent asset managers from taking advantage of PPIP at the expense of taxpayers. Barofsky revealed that several aspects of PPIP could make it inherently vulnerable to fraud, waste and abuse.
ACCESSION #
39149239

 

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