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Geithner's NY Fed told AIG to keep quiet on deals
AP on Yahoo ^ | 1/7/10 | Daniel Wagner - ap

Posted on 01/07/2010 9:57:20 AM PST by NormsRevenge

WASHINGTON – The Federal Reserve Bank of New York pressed American International Group Inc. to withhold details of controversial deals that funneled billions in bailout money to Goldman Sachs and other banks.

E-mails show lawyers representing the New York Fed asked AIG to remove the information from a draft financial disclosure. Treasury Secretary Timothy Geithner was president of the New York Fed at the time.

The deals were part of a massive rescue effort at the peak of the financial crisis.

Lawmakers and others have accused Geithner's Fed of overpaying banks, including Goldman and Deutsche Bank, to cancel deals with AIG.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Government
KEYWORDS: abovethelaw; aig; americainperil; americancriminal; corruptdems; criminalsincharge; dnc4corruption; dnccriminals; dncthieves; dojisajoke; geithner; noaccountability; notransparency; nyfed; obama4corruption; rico; taxcheat; taxcheatincharge; thieves; wallstreet
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1 posted on 01/07/2010 9:57:21 AM PST by NormsRevenge
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The skids are greased ..

The bags are packed ..

Long skiing holiday , here I come ..

-Tim Geithner-


2 posted on 01/07/2010 9:58:37 AM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. May yur bandwidth exceed your girth)
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To: NormsRevenge

Another story already posted:

http://www.freerepublic.com/focus/f-news/2423072/posts


3 posted on 01/07/2010 9:59:54 AM PST by truthandlife ("Some trust in chariots and some in horses, but we trust in the name of the LORD our God." (Ps 20:7))
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Tim, I don't fire people..

I promote them.

reuters


4 posted on 01/07/2010 10:00:33 AM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. May yur bandwidth exceed your girth)
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To: NormsRevenge

And the Thug Obama berated shareholders of the auto companies as greedy for trying to get more than $.11 on the dollar for their investment in Government Motors and Chrysler! They make my stomach turn.


5 posted on 01/07/2010 10:02:38 AM PST by Trust but Verify
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To: NormsRevenge

Geithner and the whole lot of them should be swinging from tall trees (and some republicans too)


6 posted on 01/07/2010 10:02:52 AM PST by refermech
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To: NormsRevenge

I remember the Mantra...He is the only one smart enough to do the job. ????

Audit The Fed!


7 posted on 01/07/2010 10:03:39 AM PST by screaminsunshine (!!three if by government)
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To: truthandlife

Thanks!

This guy has got to go.

Bring back Volcker, anybody.

It’s a rigged shop anyway.


8 posted on 01/07/2010 10:03:46 AM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. May yur bandwidth exceed your girth)
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To: NormsRevenge

I tried to post the Bloomberg story but couldn’t due to copyright...Bloomberg TV all over it. AIG tried to file disclusre and Geithner quashed it!!!! I’m actually changing my view on AIG. Geithner’s head and all of his cronies’ heads should roll!!!!!!

But never fear...I heard the recently retiring Dodd has been mentioned as a successor..What a Freaking (non)joke.


9 posted on 01/07/2010 10:04:31 AM PST by SueRae
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To: NormsRevenge

"We would let every American city burn before there is accountability or transparency."

10 posted on 01/07/2010 10:06:43 AM PST by Diogenesis ("Those who go below the surface do so at their peril" - Oscar Wilde)
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To: stephenjohnbanker; wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; ...
*Ping!*
11 posted on 01/07/2010 10:08:06 AM PST by rabscuttle385 (Purge the RINOs! * http://restoretheconstitution.ning.com/)
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To: NormsRevenge
This article sucks ass.

It doesn't even tell when the emails happened, who they were from and to, and where the content of these emails are right now.

I'm reluctant to take APs word or interpretation on anything. I want to see the actual emails and know where they came from.

12 posted on 01/07/2010 10:08:42 AM PST by dead (I've got my eye out for Mullah Omar.)
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To: NormsRevenge
The international/northeastern/central bankster clique has become nothing more than an inbred band of well-connected theives all of whom have each other on speed dial while they shake us down.

When they're not robbing us under our noses or behind closed doors, they do it out in broad daylight. Right in front of us, our politicians, law enforcement, regulating agencies, EVERYONE.

And nobody does a damn thing about it - everyone just watches with glazed-over eyes.

13 posted on 01/07/2010 10:09:35 AM PST by AAABEST (And the light shineth in darkness: and the darkness did not comprehend it)
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To: Diogenesis
>>"We would let every American city burn before
>>there is accountability or transparency."



Fiddle Fiddle Fiddle...
14 posted on 01/07/2010 10:11:21 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: NormsRevenge
RICO, anyone?


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

15 posted on 01/07/2010 10:18:41 AM PST by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: dead
I'm reluctant to take APs word or interpretation on anything. I want to see the actual emails and know where they came from.

It's now all over the place. This is from NRO

In a draft of one regulatory filing, A.I.G. stated that it had paid banks — including Goldman Sachs Group, Merrill Lynch, Societe Generale and Deutsche Bank — the full value of C.D.O.s, or collateralized debt obligations, that they had bought from the company. In the response to that draft from the law firm Davis Polk and Wardwell, which represented the New York Fed, that crucial sentence was crossed out, and did not appear in the final version filed on Dec. 24, 2008.

By the end of December 2008, A.I.G. had become the proxy in tug-of-war between government agencies, with the Securities and Exchange Commission asking the company to revise its disclosure, which the regulator saw as falling short of full compliance.

(snip)

“It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information to the S.E.C.,” Issa said in a statement.

16 posted on 01/07/2010 10:20:02 AM PST by AAABEST (And the light shineth in darkness: and the darkness did not comprehend it)
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To: AAABEST

“And nobody does a damn thing about it - everyone just watches with glazed-over eyes.....”

And I’m afraid, that in the end .....that is mine and yours’ fault. You see.....that in the end its that old adage about what happens when good men do nothing...


17 posted on 01/07/2010 10:20:07 AM PST by mo
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To: rush; Hannity; holdonnow

Show Prep


18 posted on 01/07/2010 10:28:24 AM PST by hattend (Once we had Reagan, Johnny Cash and Bob Hope. Now we have Obama, no Cash and no Hope)
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To: NormsRevenge
TRANSPARENCY!
19 posted on 01/07/2010 10:39:48 AM PST by Uncle Miltie ("Free" Healthcare + Citizenship for Lawbreakers = Democrats Forever! Buenos Dias!)
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To: SueRae; Liz; onyx; STARWISE; maggief; Bahbah

note sueRae’s post at nine.


20 posted on 01/07/2010 10:40:44 AM PST by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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