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RANsquawk 7th January Morning Briefing - Stocks, Bonds, FX etc.

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Submitted by RANSquawk Video on 01/07/2010 06:30 -0400



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Thu, 01/07/2010 - 08:55 | Link to Comment TraderMark
TraderMark's picture

Uncle Tim told AIG to withhold information...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXIvW4igKV38

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.

Thu, 01/07/2010 - 09:17 | Link to Comment Careless Whisper
Careless Whisper's picture

Don't blame Timmay he was just taking orders from Lloyd.

Looks like Brown in GB may be on his way out?

Thu, 01/07/2010 - 09:24 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

You think Geithner can take a hint?  These stories aren't being posted by accident.  This is pure politics.  TG, the message is RESIGN!

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXIvW4igKV38

 

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