Report Raises Red Flags On TARP Contractors

Law360, New York (October 14, 2010, 2:01 PM EDT) -- The U.S. Department of the Treasury's extensive use of private contractors to perform critical functions of the Troubled Asset Relief Program has created disconcerting questions about transparency and potential conflicts of interest, according to a report released Thursday by the Congressional Oversight Panel.

Private contractors now constitute the vast majority of workers handling vital functions of the $700 billion TARP fund, operating under 96 different contracts and agreements worth $436.7 million, according to the panel's October oversight report.

According to the report, the two entities with...
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