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QuestionsAbout the $700 Billion Emergency EconomicStabilization Funds
The First Report of theCongressional Oversight Panel for Economic StabilizationDecember 10, 2008
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Congressional Oversight Panel for Economic Stabilization
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Elizabeth Warren, Chair
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Rep. Jeb Hensarling Richard H. Neiman
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Damon Silvers
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TABLE OF CONTENTS
Introduction 4Ten Questions from COP 8Questions from COP: Discussion 111.
What is Treasury’s Strategy? 112.
Is the Strategy Working to Stabilize Markets? 143.
Is the Strategy Helping to Reduce Foreclosures? 154.
What Have Financial Institutions Done With the Taxpayers’Money Received So Far? 195.
Is the Public Receiving a Fair Deal? 216.
What is Treasury Doing to Help the American Family? 247.
Is Treasury Imposing Reforms on Financial Institutionsthat are taking Taxpayer Money? 268.
How is Treasury Deciding Which Institutions Receive the Money? 289.
What is the Scope of Treasury’s Statutory Authority? 3010.
Is Treasury Looking Ahead? 32About COP 33Future Oversight Activities 34Appendix: Statutory Authority of the Congressional Oversight Panel 35
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