Tarp assets too dear

The head of a watchdog charged with overseeing the use of funds allocated to the Troubled Asset Relief Program (Tarp) said on Thursday that the Treasury was overpaying for its investments in banks.

Elizabeth Warren, a professor at Harvard Law School who heads a Congressional oversight panel, told the Senate Banking Committee: "Treasury paid substantially more for the assets it bought under the Tarp than their then-current market value.

Warren said that the panel would publish a report on Frid

To continue reading...