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STATEMENT BY SENATOR JUDD GREGG ON THE CONFIRMATION OF TARP SPECIAL IG

December 9, 2008

                                                                Contact: Andrea Wuebker/Laena Fallon

Senator Gregg stated, “Today’s unanimous confirmation of Neil Barofsky as the Special Inspector General of the Troubled Asset Relief Program (TARP) is a welcomed development for protecting taxpayers’ dollars. We are not yet out of the woods of this financial crisis, and Treasury continues to monitor the situation and invest TARP funds to stabilize our financial system.   These actions are necessary, but I also understand the public’s concern about how their tax dollars are being used.  Therefore, strong oversight of the program remains critical, including having an independent watchdog located at Treasury that will focus on taxpayer interests and guarding against fraud and abuse, and I’m pleased we have taken the next step to help keep the TARP program on track and protect the taxpayers during these challenging times.”