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Timimy in trouble - Geithner’s Fed told AIG to hide “backdoor bailout”

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The Federal Reserve Bank of New York, during its $180 billion bailout of American International Group, Inc., instructed AIG to omit details of its purchase of certain toxic assets from a December 24, 2008, Securities and Exchange Commission filing, according to e-mails between the company and the Fed released Thursday.

Using bailout money provided by the Fed, AIG paid a number of banks 100 percent of the face value of credit-default swaps, contracts tied to subprime home loans, at a time when other institutions were negotiating deep discounts for the paper. The names of the banks were also omitted from the SEC filing.

The information was finally disclosed in March 2009 after the SEC challenged AIG’s filing, prompting lawmakers a


Added: Jan-8-2010 Occurred On: Jan-8-2010
By: -suicidebomber-
In:
News
Tags: Tim Geithner, AIG, Federal Reserve, Fed, bailout
Views: 6056 | Comments: 10 | Votes: 0 | Favorites: 0 | Shared: 1 | Updates: 0 | Times used in channels: 1
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  • Just look at this guy it seems like its the hardest thing in the world to see a smile on hes face he just looks wicked, they are all the same crooks, dont think its just obama thats a fraud all of hes crew are crooks and so where bushes and so where clintons and so where so on and so on, whats new you elect guys that are always RELATED that are presidents they pick the same exact staff of other presidents, hey its a classy chess game who are the pawns???????

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  • As Dodd fades into the scenery...hmmm.

    Coincidence?

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  • Once the hard evidence oozes out, as it inevitably does. obama will throw his slimy midget wizzkid under the nearest bus.

    Too many of his chosen inner circle keep screwing up.... heads have to roll otherwise people may conclude obama himself is incompetent. At the moment, he is not sacrificing anyone because he considers himself (B ) to still have the confidence of the people and does not need to.

    Probably, obama believes it would make him vulnerable for what amounts to admitting his repeated More..

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  • ,,,and while guys like this, and his buddies as well, are stealing us blind, taking our rights, and all that cash, we are told about a total false flag attack,

    The underware BOMBER, are you kidding me,


    BOMBER my ASS, this guy is a full on PATSY, total false flag attack, diversion from ecconomy, healthcare, PRIVACY, PROPERTY RIGHTS< FREEDOM, you name it,,, Go ahead call me what you like, while you and I are looking at this,, TIM GEITHNER, NANCY PELOS More..

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  • 8 families own joo

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  • Gee, Geithner helped out his buddies? You don't say...

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