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YOu really dont want to see how bad the feds are do you...

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WASHINGTON (AP) - The federal government overpaid for stocks and other assets in attempting to help financial institutions last year, a government watchdog said Thursday, taking further issue with the beleaguered $700 billion rescue program.

 

 

Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the bailout funds, told the Senate Banking Committee on Thursday that Treasury in 2008 paid $254 billion and received assets worth about $176 billion.

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View PostI am surprised that they got any assets, I keep reading that they just gave the money away.

 

That is what you get for watching Fox news. wink.gif

 

Seriously, I did not know until the other day that the government did get assets in the deal. I thought it was a full give away.

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