The authors of the GAO report don’t appear impressed by Treasury’s efforts to avoid conflicts of interest — one of the prime concerns raised by some observers, given the number of top Treasury officials who used to work for companies receiving money under the bailout program.
From the report:
Lacking a comprehensive and complete system to monitor conflicts of interest, Treasury runs the risk that it may not be able to ensure that conflicts are fully identified and appropriately addressed.
Doesn’t sound too encouraging.