And so the Abacus fallout is about to hit precisely where the culprit for it all resides: the Federal Reserve Bank of New York. Could there be justice in this world after all?
The secrecy that enveloped the deal was unwarranted, Barofsky says, adding that his probe of an alleged New York Fed coverup in the AIG case could result in criminal or civil charges.
He won’t say whether the investigation is targeting Geithner personally.
Barofsky says he’s looking into possible insider trading charges too. This guy is the real deal. He’s a former federal prosecutor who has put major drug traffickers in prison and was once the target of a kidnapping attempt by them.