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Keyword: obama4corruption

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  • Geithner's NY Fed told AIG to keep quiet on deals

    01/07/2010 9:57:20 AM PST · by NormsRevenge · 43 replies · 2,306+ views
    AP on Yahoo ^ | 1/7/10 | Daniel Wagner - ap
    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...