Text Of Edolphus Towns Subpoena To NY Fed
The following are the items demanded by Edolphus Towns and the House Committee on Oversight and Government Reform from the Federal Reserve. We, for one, can not wait to see what ends up being dug up, seeing how the New York Fed has blatantly "forgotten" about our FOIA request for release of precisely the same data.
All documents in the possession, custody, or control of the Federal Reserve Bank of New York, relating to AIG credit default swap counterparty payments, the decision to compensate AIGs credit default swap counterparties at par, and public disclosure of the counterparty payments, including:
- Emails, phone logs, and meeting notes of the following people: Timothy Geithner, Stephen Friedman, Thomas Baxter, and Sarah Dahlgren;
- Term sheets, including drafts, relating to AIG's payments to its CDS counterparties; and
- Emails, phone logs, and meeting notes relating to public disclosure of AIG's payments to its CDS counterparties, including disclosure to the SEC.
We are particularly happy that Goldman director Stephen Friedman has been implicated in this subpoena: perhaps we will finally be able to get some definitive evidence of wrongdoing by the Fixed Income sales and trading monopolist, in addition to the metric tons of circumstantial evidence of ongoing wrongdoing already presented.