A report by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) sharply criticized the Treasury Department for "failing to rein excessive pay" for top executives of companies that received government bailouts through the Troubled Asset Relief Program.
"SIGTARP found that once again, in 2012, Treasury failed to rein in excessive pay," the report says.
Christy Romero, special inspector general for TARP, says in the report, "We expect Treasury to look out for taxpayers who funded the bailout of these companies by holding the line on excessive pay."
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