The investigator in charge of overseeing the expenditure of TARP funds -- money for banks to stabilize the financial industry -- released his first report Thursday.
Coming in at 188 pages, it's the most aggressive attempt yet by federal auditors to account for the use of the billions that have been disbursed as part of the Treasury Department's Troubled Asset Relief Program, a $700 billion ongoing project.
The report by Special Inspector General Neil Barofsky seeks to detail how the federal government has spent TARP funds to date and outlines a future strategy to encourage transparency and oversight of the program.
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