Bailout Overseer: Banks Misused TARP Funds

08/19/2009 05:12 am ET | Updated May 25, 2011
  • Binyamin Appelbaum Washington Post

Many of the banks that got federal aid to support increased lending have instead used some of the money to make investments, repay debts or buy other banks, according to a new report from the special inspector general overseeing the government's financial rescue program.

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