Sigtarp criticises Treasury's bailout accounting


The US Treasury should have disclosed a change in accounting methodology which allowed it to announce a huge reduction in the cost of the Troubled Asset Relief Program (Tarp), according to a report released this week by the office of the Tarp special inspector-general (Sigtarp), Neil Barofsky.

The Treasury recently cut its estimated loss from the 2008 part-nationalisation of AIG from $45 billion to $5 billion. But, the report said, "there is a serious question over how much of this decrease come

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: