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Governemnt warns of TARP fraud

By SplendidMarbles ⋅ April 23, 2009 ⋅ Post a comment

A new government report states that the Treasury’s $700 billion Troubled Asset Relief Program has morphed into a $3 trillion boondoggle of “unprecedented scope, scale and complexity” (Source: NY Times.) What’s $3 trillion among friends? The Times also noted that the report warns the TARP program is vulnerable to fraud – say it isn’t so!!

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