Could Geithner Face Criminal Charges over AIG Coverup?

peaceandlove · 01-09-2010, 07:38 PM

Could Geithner Face Criminal Charges over AIG Coverup?

1/7/10 Judge Napolitano

Judge Andrew Napolitano weighs in on whether the treasury secretary can face criminal charges over his role in the AIG coverup.

VIDEO (4:31): http://www.youtube.com/watch?v=haHYG...ayer_embedded#

Geithner’s New York Fed Told AIG to Limit Swaps Disclosure

Hugh Son – Thu Jan 7, 6:00 am ET

Jan. 7 (Bloomberg) -- The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.

AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008. The e-mails were obtained by Representative Darrell Issa, ranking member of the House Oversight and Government Reform Committee.

Continues: http://news.yahoo.com/s/bloomberg/20...g/axivw4igkv38

01-09-2010, 07:38 PM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Could Geithner Face Criminal Charges over AIG Coverup? Could Geithner Face Criminal Charges over AIG Coverup? 1/7/10 Judge Napolitano Judge Andrew Napolitano weighs in on whether the treasury secretary can face criminal charges over his role in the AIG coverup. VIDEO (4:31): http://www.youtube.com/watch?v=haHYG...ayer_embedded# Geithner’s New York Fed Told AIG to Limit Swaps Disclosure Hugh Son – Thu Jan 7, 6:00 am ET Jan. 7 (Bloomberg) -- The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008. The e-mails were obtained by Representative Darrell Issa, ranking member of the House Oversight and Government Reform Committee. Continues: http://news.yahoo.com/s/bloomberg/20...g/axivw4igkv38