Tarp Agreement

Dodd-Frank put the rules on the . Some in the financial industry have been accused of not using borrowed dollars for the intended reason. Others continued to abuse investors after the tarp law was passed by telling investors that their money had been invested in the national TARP financial rescue program and other securities that did not exist. [63] Neil Barofsky, executive director of the Troubled Asset Relief Program (SIGTARP), told lawmakers: ¬ę¬†Insufficient oversight and information about what companies are doing with the money makes the program vulnerable to fraud, including conflicts of interest for fund managers, collusion between participants, and money laundering vulnerabilities. [64] The next parallel measure taken by the federal government was the Reconstruction Finance Corporation (RFC) investment in the 1930s.