Bailout firms have program recipients among their clients

USA Today

01/27/09

All six of the law and accounting firms hired by the Treasury Department to help manage the $700 billion financial bailout have clients who received the federal money, contracting and regulatory records show. The firms also have been involved in structuring complicated financial instruments tied to risky assets such as sub-prime mortgages, according to their websites and Securities and Exchange Commission filings. The collapse in value of those assets is one cause of the financial crisis...

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Informant: Thomas L. Knapp



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