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Investing bank bailouts. Report by Special Inspector General Neil Barofsky:

Investing bank bailouts. Report by Special Inspector General Neil Barofsky:

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. It is not clear whether the report will also disclose the banks’ use of the bailout money to pay executives fat bonuses which they used to buy gold toilets and prostitutes, and to lobby Congress to stop any meaningful reform.”