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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 | 185317 TraderMark
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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 | 185326 Careless Whisper
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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 | 185330 ghostfaceinvestah
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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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