Senator Doesn't Plan To Release TARP Contracts
Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- An investigative committee headed by Sen. Carl Levin, D-Mich., does not plan to publicly release contracts governing federal investments in several large financial institutions, a spokeswoman for the senator said Tuesday.
The spokeswoman declined to comment for this article.
Under threat of a subpoena, the U.S. Treasury Department has agreed to provide Levin with contracts related to government investments in American International Group (AIG), Bank of America (BAC), Bank of New York Mellon Corp. (BK), Citigroup (C), Goldman Sachs (GS), JPMorgan Chase (JPM), Merrill Lynch (MER), Morgan Stanley (MS), State Street Corp. (STT) and Wells Fargo (WFC).
Levin is chair of the Permanent Senate Subcommittee on Investigations, which investigates federal government activities.
Levin's office expects the contracts, related to capital injections made under the controversial $700 billion Troubled Asset Relief Program, will be delivered this week.
The U.S. Treasury has so far provided a combined $185 billion in capital to the institutions.
-By Meena Thiruvengadam, Dow Jones Newswires; 202-862-6629; meena.thiruvengadam@dowjones.com
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Publié le 13 janvier 2009 Copyright © 2009 Dowjones
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