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NEW YORK, Jan 11 (Reuters) - It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group (AIG.N) because of an action taken last year by the Securities and Exchange Commission.
In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of billions of dollars to big banks like Societe Generale, Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Merrill Lynch.
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.
LOL! And Barry said this would be the most transparent administration ever! What a freaking joke.
I have long thought that what ever charge the dems were making against republicans, that is exactly what they were doing or were planning on doing.
This furthers proves the point. Barry and the liberals said GWB held too many secret meetings and hid stuff from the American people. Now this.
FYI, the next time you hear a liberal saying something about republicans start looking. I bet you will find the liberals doing exactly what they are denouncing.
no wonder they wouldn't get madoff even after they were tipped off, with tips starting in 1999! (or enron or stanford, etc.). it should come as no surprise since they failed to adequately supervise either the investment banks or the ratings agencies.......
no wonder they wouldn't get madoff even after they were tipped off, with tips starting in 1999! (or enron or stanford, etc.). it should come as no surprise since they failed to adequately supervise either the investment banks or the ratings agencies.......
It really is. Being in the industry in a position where I have to answer regulator inquiries; I will tell you the regulators are completely embarrassed after the exposure of the ponzi schemes.
They are compensating by running around like chickens with their heads cut off. Their inquiries are completely useless and only demonstrate the incompetence that permeates their offices.
Absolutely disgusting. The liberals should be outraged by this action to protect the Wall Street/FRBNY scum, yet they claim it's the Republicans who are corrupt? Please.
Timothy Geithner is neck deep in this scandal, as are many other important liberal politcians. They wait until 2018 so as not to shine the Obama administration in a negative light.
this thread has been up for hours, with zero 'progressive' participation.
what gives?
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