21 Apr 2009

Government Report: "Oops We Aren’t Good With Taxpayer Money"

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According to CNBC:

In a 250-page quarterly report to Congress, TARP’s special inspector general concludes that a private-public partnership designed to rid financial institutions of their “toxic assets” is tilted in favor of private investors and creates “potential unfairness to the taxpayer.”

In related news, the National Academy of Sciences released a report saying that water runs downhill.

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