The legislation that created the TARP put in place a Financial Stability Oversight Board to review the actions of the Treasury in administering the program.
That Oversight Board includes the Secretary of the Treasury, the Secretary of Housing and Urban Development, the Chairman of the Securities and Exchange Commission, the Director of the Federal Housing Finance Agency, and the Chairman of the Federal Reserve Board. We have met four times, reviewing the operational plans and policy initiatives of the TARP and discussing possible additional steps that might be taken.