Thursday, January 07, 2010
Why are these crooks still working for Obama?
by Larry Geller
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. [Bloomberg News, Geithner’s Fed Told AIG to Limit Swaps Disclosure, 1/7/2010]
Geithner, of course, is now the Treasury Secretary.
More snips from the same article (please click the link above to read the whole story):
“It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information,” said [Representative Darrell] Issa, a California Republican. Taxpayers “deserve full and complete disclosure under our nation’s securities laws, not the withholding of politically inconvenient information.”
Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, said the e-mail exchanges were “troubling” and that he supports holding congressional hearings to review them.
Troubling indeed, as were the appointments of these ex-Goldman Sachs people to important positions in our government in the first place.
As we have found there is not much difference from Bush Policies, only the rhetoric, but not the actions of Obama.