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http://www.telegraph.co.uk/news/worldnews/northamerica/usa/3135641/Bail-out-leads-to-conflict-of-interest-claims-as-Wall-Street-financiers-cash-in-on-crisis.html

But the US Treasury does not have the staff to make the decisions about which banks and which debts to buy up and will instead spend the next few weeks hiring Wall Street experts to do the buying for them.

It is a move reminiscent of the US government's controversial use of private military contractors to fight the war in Iraq.

Experts warned the approach is laden with financial pitfalls, since it may be impossible to find independent contractors who do not have a vested interest in which debts to buy and the price at which they buy them.

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Created 6 weeks 6 days ago