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IPFS News Link • Bailouts

TARP Inspector: Politicians Tried Influencing Payouts

08/07/2009 • The Business Insider

The inspector general for TARP -- the government's $700 billion bailout of the financial industry -- says lawmakers asked regulators to fund certain banks, but found no evidence that outside lobbying influenced decisions. The report doesn't name names, but Reps. Barney Frank and Maxine Waters have already been called out for helping get funds for banks they had ties to.

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