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Those losses, she said, could cause some banks to fail.

Geithner: TARP on track to end on time →

"It seems clear that Treasury's efforts to reduce mortgage foreclosures is not working," said Ms. Warren, a Harvard University law professor. "As TARP end day approaches, this panel must know whether Treasury has carefully monitored the financial system to assess potential risks."

Geithner: TARP on track to end on time →

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