October 5, 2009 1:54 AM
- Text
Report: Bernanke, Paulson Misled On Bailouts
The Washington Times:
Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson Jr. misled the public about the financial weakness of Bank of America and other early recipients of the government's $700 billion Wall Street bailout, creating "unrealistic expectations" about the companies and damaging the program's credibility, according to a report by the program's independent watchdog. (read the article>)
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