Tax Cheat Geithner Ordered AIG to Falsify Report

Discussion in 'Politics' started by carpro, Jan 7, 2010.

  1. carpro

    carpro
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    http://www.bloomberg.com/apps/news?pid=20601087&sid=aXIvW4igKV38

    Geithner’s New York Fed Told AIG to Limit Swaps Disclosure

    Jan. 7 (Bloomberg) -- The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.

    AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008.
     
  2. rbell

    rbell
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    Surprise, surprise...a cheater lies!
     

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