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2010-01-09 Home Front: Politix

Geithner called to explain AIG bailout secrecy

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Posted by Uncle Phester 2010-01-09 15:42|| || Front Page|| [4 views ] Top

#1
Hank Greenberg's take on the debacle.
Most of all, he cannot fathom why Treasury and the Federal Reserve let billions of dollars in taxpayer cash fly out the backdoor to Goldman and other firms. Washington could simply have ordained that AIG's debts were the government's debts and so no collateral was due give Uncle Sam's bulletproof credit rating.

Posted by tipper 2010-01-09 19:17|| 2010-01-09 19:17|| Front Page Top

#2 "A growing chorus of lawmakers says Geithner must explain his involvement in deals that diverted billions from AIG's bailout to Goldman Sachs and other big banks."

In other words, "Why didn't we get OUR cut?"

Posted by Barbara Skolaut 2010-01-09 21:29|| 2010-01-09 21:29|| Front Page Top

#3 He'll blame Turbotax...

Posted by tu3031 2010-01-09 21:33|| 2010-01-09 21:33|| Front Page Top

#4 Looks like Dodd IS going to get treasury.

Posted by notascrename 2010-01-09 22:19|| 2010-01-09 22:19|| Front Page Top

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