Geithner's In The Soup
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. The e-mails were obtained by Representative Darrell Issa, ranking member of the House Oversight and Government Reform Committee. via Geithner's Fed Told AIG to Limit Swaps Disclosure Update3 ? Bloomberg.com.
Sure everyone saw this. Geithner apparently telling AIG to soft-pedal the disclosures about counterparty payments post-bailout.
The House Democrats should be ashamed that it took a Republican member to dig this out. Between owning the individual mandate on health care and allowing the Republicans to seize the moral high ground on the bailouts, the Democrats have just set themselves up to lose a good decade's worth of elections.
Around the Web
Around the Web
Cracked5 Movies That Made Huge Stars Quit Acting Forever
DiffuserThe 12 Most Shocking Crimes In Rock History
Guitar WorldTop 10 Best (and Worst) Comeback Albums of All Time
SalonThe 7 Most Offensive TV Shows Of All Time
Mental Floss10 People Banned From SNL
CrackedThe 5 Greatest Movie Sex Scenes (Where Nobody Has Sex)
- Kim Kardashian Gets Real: 11 Revelations From the New Cover Story
- Watch Bruce Springsteen's Surprise Appearance at Brian Wilson Concert
- 5 Essential Rolling Stones Bootlegs
- Watch the Scene From Grateful Dead's First 'Fare Thee Well' Show
- Watch Stephen Colbert Interview Eminem on Public Access Show
- Male Stripper to Movie Star: The Evolution of Channing Tatum
- 10 Folk Albums Rolling Stone Loved in the 1970s You Never Heard
- Genius' Top-Ranked Kanye Expert: Kim Kardashian Is Changing His Music