We learned in the February report from the top oversight panel that the banks that had received TARP money in exchange for their assets had actually overstated the value of those assets that they held and it sold in return for TARP money by about a third.
Steve Lynch: “We learned in the February report from the top oversight panel that the banks that had received TARP money in exchange…”
On the recordFebruary 24, 2009
Source
congress.govEditor's note · Context
Lynch discusses findings on banks overstating asset values related to TARP funds.
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