Geithner told AIG to keep quiet on deals that gave money to Goldman Sachs

[Soul Crusher]

Geithner's NY Fed told AIG to keep quiet on deals
AP on Yahoo ^ | 1/7/10 | Daniel Wagner - ap

Posted on Thursday, January 07, 2010 12:57:20 PM by NormsRevenge
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WASHINGTON – The Federal Reserve Bank of New York pressed American International Group Inc. to withhold details of controversial deals that funneled billions in bailout money to Goldman Sachs and other banks.

E-mails show lawyers representing the New York Fed asked AIG to remove the information from a draft financial disclosure. Treasury Secretary Timothy Geithner was president of the New York Fed at the time.

The deals were part of a massive rescue effort at the peak of the financial crisis.

Lawmakers and others have accused Geithner's Fed of overpaying banks, including Goldman and Deutsche Bank, to cancel deals with AIG.

(Excerpt) Read more at news.yahoo.com ...


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Guess who was Obama's No 1 contributor from Wall Street? 

Goldman Sachs. 

[kcballer]

Goldman weren't the only ones getting a sweet deal on this.  I don't doubt Obama will help pay goldman back for its contributions, but on this it seems to be all Geithner as it dates back before Obama was sworn in. 

[Soul Crusher]

Goldman weren't the only ones getting a sweet deal on this.  I don't doubt Obama will help pay goldman back for its contributions, but on this it seems to be all Geithner as it dates back before Obama was sworn in. 

Dont you think Goldman told him who to appoint for Treasury Sec? 

[kcballer]

Dont you think Goldman told him who to appoint for Treasury Sec? 

Give me a break with that nonsense.  Its pure hearsay. 

[Soul Crusher]

Give me a break with that nonsense.  Its pure hearsay. 

Oh really?  Do you know that Goldman associates and employees have more influence in this admn than even GWB? 

They were his his No 1. contributor. 

[kcballer]

Oh really?  Do you know that Goldman associates and employees have more influence in this admn than even GWB? 

They were his his No 1. contributor. 

Do you know your statement is almost impossible to prove/disprove with it's ambiguity? 

[Soul Crusher]

Do you know your statement is almost impossible to prove/disprove with it's ambiguity? 

No its not ambigous.  From opensecrets.org

University of California  $1,591,395
Goldman Sachs  $994,795
Harvard University  $854,747
Microsoft Corp  $833,617
Google Inc  $803,436
Citigroup Inc  $701,290
JPMorgan Chase & Co  $695,132
Time Warner  $590,084
Sidley Austin LLP  $588,598
Stanford University  $586,557
National Amusements Inc  $551,683
UBS AG  $543,219
Wilmerhale Llp  $542,618
Skadden, Arps et al  $530,839
IBM Corp  $528,822
Columbia University  $528,302
Morgan Stanley  $514,881
General Electric  $499,130
US Government  $494,820
Latham & Watkins  $493,835

[kcballer]

No its not ambigous.  From opensecrets.org

University of California  $1,591,395
Goldman Sachs  $994,795
Harvard University  $854,747
Microsoft Corp  $833,617
Google Inc  $803,436
Citigroup Inc  $701,290
JPMorgan Chase & Co  $695,132
Time Warner  $590,084
Sidley Austin LLP  $588,598
Stanford University  $586,557
National Amusements Inc  $551,683
UBS AG  $543,219
Wilmerhale Llp  $542,618
Skadden, Arps et al  $530,839
IBM Corp  $528,822
Columbia University  $528,302
Morgan Stanley  $514,881
General Electric  $499,130
US Government  $494,820
Latham & Watkins  $493,835

This doesn't prove your statement at all.  Your saying they have more 'influence' than during GWB's terms.  This still doesn't prove that.  I've already said I don't doubt Obama will help pay goldman back for its contributions but you're trying to make something up that is unprovable.  Without solid evidence there is no way to prove or disprove your ambiguous statement. 

Using your logic i could say Google and Microsoft have more influence than Columbia or GE.  But it's a completely unprovable statement without hard evidence. 

[Soul Crusher]

This doesn't prove your statement at all.  Your saying they have more 'influence' than during GWB's terms.  This still doesn't prove that.  I've already said I don't doubt Obama will help pay goldman back for its contributions but you're trying to make something up that is unprovable.  Without solid evidence there is no way to prove or disprove your ambiguous statement. 

Using your logic i could say Google and Microsoft have more influence than Columbia or GE.  But it's a completely unprovable statement without hard evidence. 

KC - do some research on this. 

GS owns something like 40% of he chicago exchange where carbon credits are to be traded if Crap & Tax goes through.  Obama appointed a GS hack to the SEC enforcement divisiopn top spot. 

GS is all over this admn.     

[kcballer]

KC - do some research on this. 

GS owns something like 40% of he chicago exchange where carbon credits are to be traded if Crap & Tax goes through.  Obama appointed a GS hack to the SEC enforcement divisiopn top spot. 

GS is all over this admn.     

I have no doubt they are.  But your statement isn't that GS has influence it's that it somehow has MORE influence.  Which like i said is unprovable by both sides.  Therefore hearsay.

[Soul Crusher]

I have no doubt they are.  But your statement isn't that GS has influence it's that it somehow has MORE influence.  Which like i said is unprovable by both sides.  Therefore hearsay.

GS owns this admn and nothing happens without their explicit approval.  Just read Matt Tabii's work.   

[kcballer]

GS owns this admn and nothing happens without their explicit approval.  Just read Matt Tabii's work.   

I'm sorry i don't read fiction 

[tonymctones]

Goldman weren't the only ones getting a sweet deal on this.  I don't doubt Obama will help pay goldman back for its contributions, but on this it seems to be all Geithner as it dates back before Obama was sworn in. 

"the buck stops with me" obama remember that?

he also reappointed geithner...

[quadzilla456]

I'm sorry i don't read fiction 

KC - you need to wake up. Do you seriously think the president or any other government shill makes any real decisions?

You don't know how the world works. They are all "actors" put in place by powerful interests. Geithner may have ordered AIG to keep quiet but he got his marching orders from his puppet masters.

[Soul Crusher]

KC - you need to wake up. Do you seriously think the president or any other government shill makes any real decisions?

You don't know how the world works. They are all "actors" put in place by powerful interests. Geithner may have ordered AIG to keep quiet but he got his marching orders from his puppet masters.

Taibii has done great reporting on the garbage this admn is doing.