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Subject We have been had--Outright Lies over TARP

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Original Message Government Watchdog Says Treasury and Fed Knew Bailed-Out Banks Were Not Healthy
Senior Officials Had Financial Concerns About Nine Bank Instiutions Receiving TARP Funds

The Treasury Department and the Federal Reserve lied to the American public last fall when they said that the first nine banks to receive government bailout funds were healthy, a government watchdog states in a new report released today.

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