Bloomberg: The NY Fed and the AIG Bailout

by mkeeffer

Who lied?  Who knew what, when?  Why was the information treated like a state secret?

What did Geithner say and do?

The special inspector general, Neil Barofsky, charged with getting to the bottom of the Troubled Asset Relief Program is investigating.

Hearings are scheduled for today.  Bloomberg has the details – and soon so will we.

The AIG situation is, for me, one of the most mind-boggling, with the NY Fed asking AIG to keep things on the hush-hush so the public could be kept in the dark.  And that’s just one part of it.

You can bet there will be more to come on this topic.