Thursday, Jan 07, 2010
The noose tightens
The telegraph: Tim Geithner's NY Fed told AIG to keep quiet about $105bn paid to banks
Tim Geithner's Federal Reserve Bank of New York urged American International Group (AIG) to remain silent on $105bn (£65bn) of payments made to banks including Goldman Sachs and Deutsche Bank at the height of the financial crisis.
Posted by devo @ 09:12 PM (823 views) Add Comment
6 Comments
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1. alan said...
Well done Congressman Darrell Issa !
Keep your head down and remember to check under the car for bombs....
2. devo said...
In the US and elsewhere, a few more scalps are required before we can declare this crisis over.
Yes, there was a cover up. The authorities didn’t want the public to know how handsomely Wall Street was being bailed out with their money.
http://ftalphaville.ft.com/blog/2010/01/07/121781/how-thick-is-tim-geithners-skin/
3. matt_the_hat said...
Goldsacs bets on investments in recommends to customers going tits up, aig issues insurance policies cds like it was printing money without any thought about the risk and registers in the only state it can't be regulated in. The fed bails out aig so god forbid gold sacs gets paid. The taxpayer is trillions of dollars out of pocket because of this scam and the fed says keep it hush hush. They should be Fu$king shot At dawn. Instead we just thank the same people that did this for saving our savings and penson from this catasrophe. We really have become slaves to our banking masters.
4. bystander said...
AIG paid the banks back at 100 cent in the dollar, but have just needed a further cash injection of $3. something Billion. WTF. Something must be done, but nothing will be done. The greatest evils are not the acts, but the apathetic/ cpmplicit reactions by those who watch these acts perpetrated.
5. matt_the_hat said...
aptly put bystander
6. mander said...
This crisis has been caused by evil financial instruments like the Credit Default Swaps not the subprime.