Panel Probes Firm Conflicts In TARP Contracts

Law360, New York (September 22, 2010, 5:12 PM EDT) -- Members of the Congressional Oversight Panel on the Troubled Asset Relief Program raised questions Wednesday about the Department of the Treasury's use of law firms and investment management firms as private contractors, noting that these firms’ relationship to the financial system gives rise to potential conflicts of interest.

At a hearing on the Treasury's use of exceptional crisis contracting authority under TARP, panel members probed how the Treasury uses contracts and financial services, how it decides to hire contractors and financial agents, and how it prevents...
To view the full article, register now.