Oversight panel blasts Tarp’s contracting standards

us treasury

An influential oversight panel on Thursday attacked the way those implementing the Troubled Asset Relief Programme (Tarp) employed private contractors.

Despite the Treasury's efforts to promote competition among bidding firms, "significant transparency concerns" remained, as the process was "notoriously non-transparent," said the Congressional Oversight Panel, the body set up to monitor Tarp. "Contractors and agents are immune to requests under the Freedom of Information Act. Contractors may hir

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