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February 6, 2009

Probe: Govt. Bailout Exceeded Market Value of Firms’ Stocks, Assets
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A congressional investigation has found the Bush administration overpaid
tens of billions of dollars in its purchase of bank stocks and assets
under the Wall Street bailout. The Congressional Oversight Panel says
the government received assets with a market value worth at least $78
billion less than what it invested. That translates to a roughly
thirty-cent loss for every dollar the government spent.



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