Tag: Congressional Oversight Panel

TARP Watchdog: 2011 $300 Billion Commercial Real Estate Time Bomb

Wednesday’s report from the Congressional Oversight Panel makes it very clear that while things may feel relatively stable right now on the commercial real estate front, the real bomb hits in 2011. Banks could lose $200 – $300 billion, and ‘every American’ could be affected:



The full force of the commercial real estate problem will be felt over the next three years and beyond, according to the panel’s February assessment, which means it starts to get worse starting today.

Download .pdf here (189 pages)

With Friends in the Treasury — Bankers don’t need NO Accountability

Elizabeth Warren was appointed chair of a newly created Congressional Oversight Panel (COP), which is charged with keeping tabs on the $700 billion bailout of the financial sector – including Troubled Assets Relief Program (TARP).

Warren however, has had some “Trouble” getting straight forward answers … as she explained to the Boston Globe: