President-elect Barack Obama said he agrees with the report released Tuesday by the Government Accountability Office which said the Troubled Asset Relief Program lacks a comprehensive plan to ensure TARP funds are used properly and should have greater oversight and accountability. "We're seeing some areas where we can be doing better, in making sure that this money is not going to CEO compensation, that it's protecting taxpayers, and that the taxpayers are going to get their money back; that it's effective in shoring up our financial markets," he said.
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