The Warren Report

by Mike Whitney / April 14th, 2009

On Tuesday, a congressional panel headed by ex-Harvard law professor Elizabeth Warren released a report on Treasury Secretary Timothy Geithner’s handling of the Troubled Assets Relief Program (TARP). Warren was appointed to lead the five-member Congressional Oversight Panel (COP) in November by Senate majority leader Harry Reid. From the opening paragraph on, the Warren report makes clear that Congress is frustrated with Geithner’s so-called “Financial Rescue Plan” and doesn’t have the foggiest idea of what he is trying to do. Here are the first few lines of “Assessing Treasury’s Strategy: Six Months of TARP”:

“With this report, the Congressional Oversight Panel examines Treasury’s current strategy and evaluates the progress it has achieved thus far. This report returns the Panel’s inquiry to a central question raised in its first report: What is Treasury’s strategy?”

Six months and $1 trillion later, and Congress still cannot figure out what Geithner is up to. It’s a wonder the Treasury Secretary hasn’t been fired already.


http://dissidentvoice.org/2009/04/the-warren-report/

* See Elizabeth Warren’s 8-minute video summary of the COP report.