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Letter from TARP IG to Rep. Spencer Bachus (R-AL)

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By Chris Whalen - January 26th, 2009, 6:30AM

Below is a letter from Neil Barofsky, Special Inspector General of the Troubled Asset Relief Program to Rep. Spencer Bachus (R-AL).  The TARP IG will be requesting TARP recipients to provide –

· a narrative response outlining [their] use or expected use of TARP funds.

· Copies of pertinent supporting documentation to support the response

· a description of their plans for complying with applicable executive compensation restrictions; and

· a certification by a duly authorizes senior executive officer of each company as to the accuracy of all statements, representations, and supporting information provided.

TARP recipients should be receiving letters very soon.  Moreover, Treasury has requested that the special TARP reports be submitted by January 31st.

TARP IG Letter to Spencer Bachus

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2 Responses to “Letter from TARP IG to Rep. Spencer Bachus (R-AL)”

  1. ben22 Says:
    January 26th, 2009 at 10:02 pm

    Maybe since the banks are doing it I could ask them for a loan but not say what it’s for, what I’ll do with the money, oh and yeah, I’m not ever going to pay it back either.

    This whole this is a big joke.

  2. ben22 Says:
    January 26th, 2009 at 10:02 pm

    Maybe since the banks are doing it I could ask them for a loan but not say what it’s for, what I’ll do with the money, oh and yeah, I’m not ever going to pay it back either.

    This whole thing is a big joke.