| |||||
NY Fed official responsible for AIG loans joins AIG as AIG pushes sweetheart repurchase to NY Fed Here’s the kicker. He is being allowed to stay on at his job at the Fed while working as a lobbyist for AIG on matters he deals with in his job at the Fed. This is beyond [...] NYT has a long, detailed timeline of what happened and when. Required reading. Clusterstock is even blunter. Goldman Sachs Killed AIG, but then bizarrely says it was all AIG’s fault. So it was just a coincidence those at the NY Fed and in the US government who gave Goldman such a sweetheart deal just happened [...] Chart from the fine folks at Clusterstock, who also brings us news that just-released AIG documents show Goldman was deeply involved in the collapse of AIG. These are the very same documents that the SEC ordered sealed on the utterly bogus grounds of “national security” but which got released because on the ongoing Congressional [...] David Fiderer at HuffPo connects the dots for us. It’s time to put an end to the plunder of the country by thugs in expensive suits. They need to go to prison. (Yes, I assume many of them are guilty of multiple crimes.) Bloomberg provides a detailed time-line of events at AIG that can be used as a handy reference during tomorrow’s Congressional hearings about them. This includes a demand that the NY Fed turn over phone logs and emails from Timmy “The Weasel” Geithner. Watching him testify should be fun. (While I prefer to post about cleantech at night, about something optimistic and positive rather than just more on the slime oozing out of Wall Street. However this story looks to be huge. Mark my words, the AIG scandals will metastasize into a cancer that will make Enron look small.) In August 2008 Goldman [...] The AIG saga is now unfolding in ways that “professionals” would not even dream of and is snaring past and present Treasury Secretaries who rushed to bail out the failed insurer’s counterparties at 100 cents on the dollar, to the tune of $62 billion. I must admit I made a big mistake three years ago: [...] Chairman Edolphus “Ed” Towns (D-NY) today released the following statement ahead of issuing a subpoena to the Federal Reserve Bank of New York (FRBNY) for documents related to AIG counterparty payments (counterparties). “To help the Committee’s investigation of payments made by AIG to its counterparties, I am issuing a subpoena today to the Federal [...] Goldman Sachs out for a stroll WSJ Let me get this straight. Is [Ex-CEO of AIG Hank] Greenberg saying the machinations of Goldman Sachs were responsible for the disastrous failure of AIG amid the recent financial crisis? “Well, it certainly wouldn’t be difficult to come to that conclusion.” The response from the [...] The web of known parties guilty of fraud, coercion, or securities manipulation keeps getting bigger … I am 100% in favor of allowing Geithner to defend himself … In a court of law, for securities fraud. And as I have stated before Paulson, Bernanke, and Bank of America ex-CEO Lewis as well. So says Mish, [...] |  | ||||
Copyright © 2012 Politics in the Zeros - All Rights Reserved | |||||
Recent Comments