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  • SEC mulled national security status for AIG details

    01/24/2010 5:05:33 PM PST · by Jet Jaguar · 31 replies · 1,014+ views
    Reuters ^ | January 24, 2010
    U.S. securities regulators originally treated the New York Federal Reserve's bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters. CRISIS IN CREDIT The request to keep the details secret were made by the New York Federal Reserve -- a regulator that helped orchestrate the bailout -- and by the giant insurer itself, according to the emails. The emails from early last year reveal that officials at the New York Fed were only comfortable with AIG submitting a critical bailout-related document...