RANsquawk 26th January Morning Briefing - Stocks, Bonds, FX etc.

Comments

[Anonymous]

Only now are we beginning to see the true details of what happened in those days and who played pivotal roles in the act that put American taxpayers on the hook to save AIG.

The New York Fed's Real Crimes

Email disclosures by AIG, responding to subpoenas from the House Oversight Committee, have revealed that the New York Federal Reserve requested that information about the AIG bailout be kept secret as if it were connected to national security.U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters.

The request to keep the details secret were made by the New York Federal Reserve — a regulator that helped orchestrate the bailout — and by the giant insurer itself, according to the emails.

http://tinyurl.com/y8l7fzr