Monday, October 5, 2009

IG Report Finds Paulsen, Bernanke Misled Public on Bank Rescues









federal-reserve
WASHINGTON -- The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial banks receiving support were healthy, a new report contends.Special Inspector General Neil Barofsky generally found that the government had acted properly in October 2008 as it scrambled to implement the Troubled Asset Relief Program to avert the collapse of the U.S. financial system.

Read the rest at FoxNews

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