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Why Should We Be Surprised? (Treasury Conduct Edition)

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opednews.com

Author 2451
The NYT reports that the General Accounting Office is readying to issue a report that will criticize how Treasury has handled its spending under the $700 billion TARP program. The main shortcomings are failure to track how the money is actually being used and inadequate controls to prevent conflicts of interest. Also note that the DOD has been unable to account for trillions of spending, so the Treasury has plenty of company.

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At www.nakedcapitalism.com

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