How to rip off the taxpayer: SIGTARP shares secrets

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Investigators overseeing the federal bank bailout program have turned up multiple ways dishonest bankers tried to scam taxpayers out of their money -- a whole bunch of their money.

The Special Inspector General for the Troubled Asset Relief Program -- SIGTARP in government-speak -- has released its latest quarterly report to Congress, summing up the watchdog work it's done so far. You can read the complete document here.

We thought part of the study, which recounted a number of fraudulent schemes SIGTARP uncovered read like a primer for bankers on how to try to rip off Joe Citizen through the bailout. Here's what such a primer might look like.

Jennifer Peebles is the Washington Examiner's data editor. Contact her at jpeebles@washingtonexaminer.com. Follow her on Twitter at @DCPeebles.

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