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Old 01-09-2010, 07:38 PM   #1
peaceandlove
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Join Date: Sep 2008
Location: Turtle Island
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Question 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#


Geithnerís New York Fed Told AIG to Limit Swaps Disclosure

Hugh Son Ė 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 insurerís 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
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