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…
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…
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…
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…
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…
(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…
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…
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…
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…
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…