1. How did Congress expect the $700 billion TARP they authorized would help homeowners?

2. a) Define transparency, accountability and alleviate as used in the article.
b) Why did a report released by the Congressional Oversight Panel (COP) Friday criticize the use of the first half of the $700 billion bailout?

3. What is the COP?

4. How did White House spokesman Scott Stanzel respond to COP's criticism?

5. Describe the bill introduced by Democratic Representative Barney Frank on Friday.

6. Ask a parent to read the article, then re-read paragraph 13 and explain why he/she agrees or disagrees with the assertion made in the report.

7. a) What has President-elect Obama asked Congress to do with the remaining $350 billion in TARP funds?
b) How did President Bush respond to Mr. Obama's request?

8. a) How does the response of House Republicans differ from those of Rep. Barney Frank and President-elect Obama?
b) With which proposal/response do you agree? Explain your answer.