I promote them.
reuters
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 ...
The skids are greased ..
The bags are packed ..
Long skiing holiday , here I come ..
-Tim Geithner-
I promote them.
reuters
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.
Geithner and the whole lot of them should be swinging from tall trees (and some republicans too)
I remember the Mantra...He is the only one smart enough to do the job. ????
Audit The Fed!
Thanks!
This guy has got to go.
Bring back Volcker, anybody.
It’s a rigged shop anyway.
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.
"We would let every American city burn before there is accountability or transparency."
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.
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.
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.
“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...
Show Prep
note sueRae’s post at nine.
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