Treasury’s no-bid deals for banks get flak on Capitol Hill

by Daniel Wagner,  The Center for Public Integrity

The Treasury Department’s practice of offering billions of dollars in no-bid contracts to banks for government services is drawing flak on Capitol Hill.

Several lawmakers are separately criticizing the Treasury for the deals that critics of the system say have exposed poor and elderly Americans to fraud and potentially wasted tens of millions of taxpayer dollars.   Read the entire story.

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