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Thread: NY Fed asked AIG to withhold info

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    NY Fed asked AIG to withhold info

    It was reported today on Bloomberg news that the NY fed, which at the time was led by Tim Geitner asked AIG to withhold information about who were the counterparties who were getting paid off with the bailout money thought to be given to AIG. We now know that much of it was filtered to the likes of Goldman sachs.

    This could be considered secirities fraud. Can Geitner survive yet another scandal?

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    Re: NY Fed asked AIG to withhold info

    Quote Originally Posted by washunut View Post
    It was reported today on Bloomberg news that the NY fed, which at the time was led by Tim Geitner asked AIG to withhold information about who were the counterparties who were getting paid off with the bailout money thought to be given to AIG. We now know that much of it was filtered to the likes of Goldman sachs.

    This could be considered secirities fraud. Can Geitner survive yet another scandal?
    Yes of course he can, he is after all the Obamaman.

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    Re: NY Fed asked AIG to withhold info

    Quote Originally Posted by jujuman13 View Post
    Yes of course he can, he is after all the Obamaman.
    This might be a tough one if the mainstream press picks up the story.

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    Re: NY Fed asked AIG to withhold info

    If no one cared about the preferential deal Goldman Sachs got to buy back their warrants from the government, no one is going to care about this. Geithner will still be Obama's puppet for the foreseeable future.

    I have no problem with (most of) the business Goldman does, but its dealings with the government sure seem fishy.
    If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
    - Milton Friedman

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    Re: NY Fed asked AIG to withhold info

    Quote Originally Posted by gopman View Post
    If no one cared about the preferential deal Goldman Sachs got to buy back their warrants from the government, no one is going to care about this. Geithner will still be Obama's puppet for the foreseeable future.

    I have no problem with (most of) the business Goldman does, but its dealings with the government sure seem fishy.
    The warrant buyback was probably too compilcated for most people to understand.

    If what was reported about holding back disclosure with AIG is true, I would hope most people could comprehend the deceipt.

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    Re: NY Fed asked AIG to withhold info

    Quote Originally Posted by washunut View Post
    The warrant buyback was probably too compilcated for most people to understand.

    If what was reported about holding back disclosure with AIG is true, I would hope most people could comprehend the deceipt.
    The people are powerless to stop them....
    Only the true crooks in Congress understand it, & they are likely in on it.....

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    Re: NY Fed asked AIG to withhold info

    Quote Originally Posted by Partisan View Post
    The people are powerless to stop them....
    Only the true crooks in Congress understand it, & they are likely in on it.....
    This was reported on a business news show. Do you really think the news shows and talking heads will even give this information to the public?

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