Treasury Built Numerous Safeguards In HAMP To Avoid Foreclosure Says Official

At a hearing before the Financial Services Committee on foreclosure malpractice, Phyllis Caldwell, chief of the Treasury Department’s Homeownership Preservation Office, explains that the Treasury Department has taken many procedural safeguards in its Home Afforable Modification Program (HAMP) to avoid foreclosures. (0:55)

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Treasury Official: HAMP Is Key To Success In Fight Against Faulty Foreclosures

Phyllis Caldwell, chief of the Treasury Department’s Homeownership Preservation Office, tells the Financial Services Committee that the Home Afforable Modification Program (HAMP) is necessary in the effort against untimely and unnecessary foreclosure. (0:22)

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Treasury Department lacks strategy to monitor TARP funds

Acting Comptroller General Gene Dodaro of the Government Accountability Office discusses a reported recently issued by his office that judged the Treasury Department did not have a strategy to limit executive compensation or confirm that their spending complied with legislation (0:44).
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Treasury Secretary Paulson Addresses Senate Banking Committee on the Way Forward Through Economic Turmoil

Treasury Secretary Henry M. Paulson, Jr. states that in this necessary contraction of the housing market and the associated economic crisis, firms must accept their losses and move on to building up capital. (1:00)
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Senator Bernie Sanders (I-VT) asks Treasury Secretary about Bush's plan to repeal estate tax law at Senate Budget Committee hearing on FY2009 budget

Senator Sanders says that repealing the estate tax will exclusively benefit the the top one-third of one percent of the wealthiest people in the U.S.
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Senator Jim Bunning (R-KY) talks about China at Senate Budget Committee hearing on FY2009 budget

At the hearing today, Bunning said that China is manipulating WTO rules and worries that the Treasury Department is doing nothing to enforce trade laws enacted by Congress
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