GAO Says Wall Street Had No Undue Influence On Bank Study

Law360, New York (January 8, 2014, 2:12 PM EST) -- A top U.S. Government Accountability Office official on Wednesday said that a report on potential subsidies for "too-big-to-fail" banks was not influenced by interview subjects with cloaked Wall Street ties after a big-bank critic questioned the agency's policy of not doing conflict-of-interest checks.

Questions over the integrity of the GAO's November report finding that the largest banks benefited most from the federal government's efforts to support the financial system in 2008, as well as a pending study on the subsidies that the biggest banks receive by...
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