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Old 01-09-2010, 07:54 PM   #2
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Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
Default Re: Could Geithner Face Criminal Charges over AIG Coverup?

Aig And Geithner: More Lies?

Saturday, January 9. 2010
Posted by Karl Denninger

In a letter to Darrell Issa and Edolphus Towns the NY Fed's General Counsel asserted: NY Fed Lawyer Says AIG ‘Didn’t Warrant’ Geithner Attention
“Matters relating to AIG securities law disclosures were not brought to the attention of Mr. Geithner,” Thomas Baxter, general counsel of the New York Fed, said yesterday in a letter to Representative Darrell Issa, a California Republican, and Edolphus Towns, Democrat of New York. “In my judgment as the New York Fed’s chief legal officer, disclosure matters of this nature did not warrant the attention of the president.” Geithner, who helped orchestrate the bailout of AIG when he led the New York Fed, is now Treasury Department secretary.
Oh really?

Financial statements and exhibits - "disclosure matters of this nature" I'd think - don't merit Geithner's attention?

An article over on Seeking Alpha makes the following assertion via documentary evidence:

"Note that there should be no discussion or suggestion that AIG and the NY Fed are asking to structure anything else at this point."
The assertion is made that this is Geithner's own handwriting. NY Fed Officials say he was not involved.

Well, that deserves investigation.

Who's handwriting is on this page?

If it's Geithner's, he's cooked.

Photo of Page and Continues:

Will Geithner loose his seat in the Musical Chairs Game?

The Finger Pointing Continues (GS & AIG)

Saturday, January 9. 2010
Posted by Karl Denninger in Corruption at 13:20

It just never ends, does it?
Jan. 9 (Bloomberg) -- Hank Greenberg, former chief executive officer at American International Group Inc., said Goldman Sachs Group Inc. is responsible for the collapse of the insurer during the economic crisis, the Wall Street Journal reported.
Oh really?

A Goldman spokesman disagrees:
“Mr. Greenberg appears to base his views on news reports rather than facts,” Lucas van Praag, a Goldman spokesman, said in an e-mail to Bloomberg News. “It is interesting that he doesn’t mention the devastating conclusions about AIG reached by the company’s own auditors.”
Well now that's interesting.

How about this: They're both right.

Let's go back to the basic mathematics of lending again, shall we?


Last edited by peaceandlove; 01-09-2010 at 08:14 PM.
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