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In 2008, the Treasury paid $254 billion for stocks and assets of financially-troubled firms, under the Troubled Asset Relief Program, the Congressional Oversight Panel found, according to a summary of the report released yesterday.
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Author: Dr. Ulysses s. Crockett, Jr.: Treasury Sec'y Timothy Geithner must be prosecuted for violations of ssecurities, specifically SEC Rule 10-b-5 which prohibits unlawful use of insider information in the trading of securities. Beithner must recse himself from taxpayer bailout proceedings and fired for withholding bailout fund expenditure information, conflict of economic interest, fraud in forcing Bank America Pres. Ken Lewis to "buy" Merrill-Lynch under direction of private citizen Banjamin Shalom Bernanke who must also be criiminally prosecuted for securities law violations. See, Ulysses S. Crockett, Jr., 'Federal Taxation of Interest On Indebtedness In Corporae Acquisitions: A Congressional Response In Merger Tax Reform', 10 Indiana Law Eview 419 (1976); http://blogigo.com/ulyssesecojuirist.