On December 5, Treasury Interim Assistant Secretary for Financial Stability Neel Kashkari delivered remarks at a Mortgage Bankers Association event on the Capital Purchase Program (CPP) being implemented using funds from the Troubled Asset Relief Program (TARP). Assistant Secretary Kashkari primarily addressed concerns expressed by the Government Accountability Office (GAO) and others about the program's results and the level of oversight of financial institutions receiving TARP funds through the CPP.

In addition, on December 12, Assistant Secretary Kashkari and GAO Acting Comptroller General of the U.S. Gene Dodaro testified at a House Financial Services Committee hearing titled "Oversight Concerns Regarding Treasury Department Conduct of the Troubled Asset Relief Program." Assistant Secretary Kashkari and Comptroller General Dodaro were questioned at length by members of the Committee who have significant concerns about the Treasury's implementation of the Emergency Economic Stabilization Act of 2008.

http://www.treasury.gov/press/releases/hp1314.htm

http://www.house.gov/apps/list/hearing/financialsvcs_dem/hr121008.shtml