Elizabeth Warren on the US Treasury's TARP Strategy
An earlier post called attention to Elizabeth Warren's video talk on modernizing financial regulation. As a follow-on, below is the video released today in which Warren, in her capacity as chair of the Congressional Oversight Panel monitoring the Treasury's Troubled Asset Relief Program (TARP), introduces the panel's April report, titled "Assessing Treasury's Strategy: Six Months of TARP."In the video, Warren talks about the pros and cons of three approaches to dealing with bank failures — liquidation, receivership, and subsidization. She also explains the four criteria by which the panel is judging the Treasury's performance in using TARP funds to restore stability to the banking sector — transparency in the presentation of bank accounting statements, assertiveness (decisiveness) in addressing failing institutions, accountability of bank management, and clarity concerning what the government is doing and why.
Labels: Business acumen, Risk management
posted by Karen Nelson @ 11:20 PM
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