The Congressional Oversight Panel's January oversight report, "Exiting TARP and Unwinding Its Impact on the Financial Markets," finds that even after Treasury's authority to make new TARP commitments expires in October 2008, taxpayers will hold a diverse collection of assets worth many billions of dollars. The Panel expresses concern that the principles guiding Treasury's divestment strategy may frequently conflict and are so broad as to justify a wide range of actions. Furthermore, any effective exit strategy must help to unwind the implicit guarantee created by TARP.