congressional oversight panel info

[mintdeer]

Hopefully this may be of some help to some of us!


Thank you for taking the time to contact the Congressional Oversight Panel.

As part of the Emergency Economic Stabilization Act of 2008, Congress established the Panel to oversee the U.S. Department of Treasury’s administration of the Troubled Asset Relief Program (TARP) and to provide recommendations for future regulatory reform. To fulfill that mission, the Panel is empowered to hold hearings, review official data, and provide regular reports to Congress and the American public. These reports can be found at Reports Home.

The Panel is interested in learning about specific problems with the implementation of programs designed to alleviate the mortgage and financial crises, and these stories inform our ongoing oversight work. However, Congress did not provide the Panel with the legal authority to investigate individual allegations of fraud, waste, abuse, mismanagement, or misrepresentations affiliated with the TARP. Further, because the Panel’s statutory mandate is narrowly targeted to oversight of the current economic stabilization efforts, we are unable to address policy or legal issues beyond the scope of these programs in our hearings and reports.

In order to report individual allegations of fraud, including false statements, false claims, and misrepresentations affiliated with the TARP, we recommend that you contact the Special Inspector General for the TARP (SIGTARP), which is the only TARP oversight body vested with the legal authority to conduct these types of investigations. To contact the SIGTARP office, please go to U.S. Office of the SIGTARP : Contact Us : SIGTARP Hotline or call the SIGTARP Hotline at (877) SIG-2009. Last, to file a complaint against a specific financial institution for issues not specific to the TARP, please contact the appropriate bank regulatory agency. A list of bank regulators is available at: Banking Regulators.

Thank you again for contacting us. We apologize that we cannot directly address your situation, and we wish you all the best.

Sincerely,

Elizabeth Warren
Chair

[Irish Gal]

Originally Posted by mintdeer

Hopefully this may be of some help to some of us!


Thank you for taking the time to contact the Congressional Oversight Panel.

As part of the Emergency Economic Stabilization Act of 2008, Congress established the Panel to oversee the U.S. Department of Treasury’s administration of the Troubled Asset Relief Program (TARP) and to provide recommendations for future regulatory reform. To fulfill that mission, the Panel is empowered to hold hearings, review official data, and provide regular reports to Congress and the American public. These reports can be found at Reports Home.

The Panel is interested in learning about specific problems with the implementation of programs designed to alleviate the mortgage and financial crises, and these stories inform our ongoing oversight work. However, Congress did not provide the Panel with the legal authority to investigate individual allegations of fraud, waste, abuse, mismanagement, or misrepresentations affiliated with the TARP. Further, because the Panel’s statutory mandate is narrowly targeted to oversight of the current economic stabilization efforts, we are unable to address policy or legal issues beyond the scope of these programs in our hearings and reports.

In order to report individual allegations of fraud, including false statements, false claims, and misrepresentations affiliated with the TARP, we recommend that you contact the Special Inspector General for the TARP (SIGTARP), which is the only TARP oversight body vested with the legal authority to conduct these types of investigations. To contact the SIGTARP office, please go to U.S. Office of the SIGTARP : Contact Us : SIGTARP Hotline or call the SIGTARP Hotline at (877) SIG-2009. Last, to file a complaint against a specific financial institution for issues not specific to the TARP, please contact the appropriate bank regulatory agency. A list of bank regulators is available at: Banking Regulators.

Thank you again for contacting us. We apologize that we cannot directly address your situation, and we wish you all the best.

Sincerely,

Elizabeth Warren
Chair

I wrote to Ms. Warren previously, too. Love her. She is one of the FEW with power in this econ nightmare who is seriously, seriously advocating for consumer protections, nationwide. I am soooo grateful she is the Chair of this panel, as she seems to be the primary one on the panel that is seriously engaged in this fight. Treasury (Geithner and Summers) have tried to silence her, reduce her power and relevance to the solving the econ probs, and thwart her every step of the way. But, she quietly, brilliantly, persistently and methodically keeps plucking away at the econ/TARP farce and stands her ground against Wall St. on behalf of the American consumer. IMO, if we didn't have her there, much of the TARP fraud would be pushed further under the rug than it already has been and we would know less today than we already do, because of the Fed's/Treasury's cover up (to this day) of where (exactly) all of the bailout money went, who got the money and why there were no strings attached (by Treasury) to the money given. And, Treasury is still at it (trying to rip off taxpayers for Wall St. buddies): Geithner testified recently where he recommended to Congress the continuing of bailouts ad infinitum, as needed, and that there should be no $$$$ limit requirements on how much banks can ask for! He's delusional and so out of touch with Main St. He'll be working for the Chinese soon, once he collapses the American econ for good. He'll run to China. His "expertise" LOL is allegedly in the Asian financial markets. He'll be speaking Mandarin soon.

[caldwellb02]

Mint and Irish - I'm a little confused. Do we contact Ms. Warren re: the TARP bailouts, or do we contact her about loan modification nightmares, or both. I've already got a case at the OCC, which regulates Chase.

How can I help w/Ms. Warren' work?

[Irish Gal]

Originally Posted by caldwellb02

Mint and Irish - I'm a little confused. Do we contact Ms. Warren re: the TARP bailouts, or do we contact her about loan modification nightmares, or both. I've already got a case at the OCC, which regulates Chase.

How can I help w/Ms. Warren' work?

I emailed (April 09) through this site and got a similar response. It was boiler plate, but I somehow believe she peruses emails from consumers. She is very populist and down to earth. I just thanked her on behalf of consumers and applauded her to the 9th degree as, she truly is one of my heroines . I LOVE her plain Jane, quiet demeanor which I'm sure disarms those who do not know she is underneath quite the opposite. She is soft spoken but carries a big stick and is willing to use it! Excellent advocate for American consumers at a point in history, like now. Extremely tenacious, brilliant, and not intimated by Treas/Wall St., like all the others. She's NOT going away anytime soon, just because Treas/Wall St. wants her gone. Every time she quietly/demurely takes on the Big Boyz, it's great theatre. She knows exactly what they were/are up to, but plays the "Can you help me understand?" in her sweet way. You get to see Treasury evade questions, spin, spin, spin, lie, lie, lie to her and the nation's face.

I'm also going to find a great video for you that I think you will like. I've seen all her videos, and find them informative. Before all this went down, and she was appointed to the COP, she was actively involved as a consumer advocate (legal researcher) re middle class/bankruptcy in America. She still is a professor of law at Harvard, as well. The video I will post later (here) is about an hr, where she lectures about the killing off of the American middle class by financial services industry (cc's, etc.) over the past 30 yrs or so.

Good luck!

www.cop.senate.gov


P.S. I'm looking into advocacy work, also, Cald. I would love to fight for consumers in some capacity, somewhere. I think the best way to fight these fin svcs thieves/banks is education. Mandatory education for ALL consumers (young), esp middle, working and poor classes, so that they know how to avoid the financial services "tricks and traps" (as Warren always says) which would hopefully render bad financial instruments profit killers. Consumer laws are needed, yes. But, I think an educated consumer will be the best defense to avoid being victims ever again, and to stop these predators in their tracks.

[Irish Gal]

Originally Posted by caldwellb02

Mint and Irish - I'm a little confused. Do we contact Ms. Warren re: the TARP bailouts, or do we contact her about loan modification nightmares, or both. I've already got a case at the OCC, which regulates Chase.

How can I help w/Ms. Warren' work?

Cald,

Here's a similar video, not the orig one I viewed, but same lecture, basically. It's an hour, so make some tea, relax and enjoy!

You Tube has many informative videos on Warren. Check em' out.


YouTube - The Coming Collapse of the Middle Class

[Irish Gal]

Originally Posted by caldwellb02

Mint and Irish - I'm a little confused. Do we contact Ms. Warren re: the TARP bailouts, or do we contact her about loan modification nightmares, or both. I've already got a case at the OCC, which regulates Chase.

How can I help w/Ms. Warren' work?

Sorry, I never addressed this. Eliz has nothing to do w/ mods. Her role now on COP is to primarily protect the taxpayers from further TARP abuse. She's methodically trying to build a case against Treasury/Wall St. re TARP fraud and trying (unsuccessfully to date) to hold them accountable for ripping us off, and to prevent future taxpayer rip offs (which they plan to do). She is acutely aware of the foreclosure nightmare, but has no role or power over any of what's going on there. To her, it's more evidence that she's been researching and building upon, over the yrs., to prove the inevitable collapse of the middle class in America (over the last 30 or so yrs), due to the lack of regulation of the financial services industry and basic consumer protections which have pretty much resulted in what we have today: dead consumers.