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What a piece of misleading, misdirected financial management this is.

New Hampshire Sen. Judd Gregg — denouncing Senate Banking Committee Chairman Chris Dodd's financial regulation proposal as "smoke and mirrors" that violated Congress' intent to devote TARP repayments to reducing the deficit.

New Hampshire Sen. Judd Gregg — denouncing Senate Banking Committee Chairman Chris Dodd's financial regulation proposal as "smoke and mirrors" that violated Congress' intent to devote TARP repayments to reducing the deficit.

Andy Kim is a former GOVERNING staff writer.