Congressional Panel Questions FHFA Economist on Impact of TARP

The Congressional Oversight Panel assessing the impact of the Troubled Asset Relief Program (TARP) on financial stability is currently holding its last few hearings before issuing a final report.  The panel heard last week from Patrick Lawler, chief economist for the Federal Housing Finance Agency who was asked to address three specific issues from the perspective of FHFA.

The impact of TARP on financial stabilization and recovery in the U.S. economy and financial sector, Fannie Mae and Freddie Mac's responsibilities with respect to TARP, FHFA's interaction with Treasury with respect to the GSE and the federal government's initiatives to promote financial stability.

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Source: http://www.mortgagenewsdaily.com/03042011_tarp_fhfa.asp

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