By Daniel Wagner Associated Press Writer
WASHINGTON - Government officials put trillions of taxpayer dollars on the line to guarantee risky bank assets - a strategy that could cause permanent and costly market distortions, a government watchdog says.

At the peak of the financial crisis, taxpayer money guaranteed assets worth $4.3 trillion to help banks ride out the panic. The programs, which essentially provided insurance against losses, helped stabilize financial markets but put far more taxpayer dollars at risk than Congress...
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