The TARP (Troubled Asset Relief Program) was a government initiative created in response to the 2008 financial crisis. It aimed to stabilize the economy by providing funds to struggling financial institutions.
Elizabeth Warren was appointed by Congress to chair the Congressional Oversight Panel for TARP. This panel was responsible for monitoring the spending and effectiveness of the TARP program.
The primary goals of TARP oversight were to ensure that the funds were being used appropriately and effectively, to provide transparency and accountability to the public, and to make recommendations for improvements to the program.
Some key findings from TARP oversight include the lack of transparency in how the funds were being used, the slow pace of mortgage modifications, and the need for better oversight and accountability measures.
While the impact of TARP oversight on the financial crisis is debatable, it did bring attention to some of the issues and problems within the TARP program and led to some improvements and changes in how the program was managed.