bailout

In November 2008, the SEC approved a request by American International Group (AIG) to keep secret until November 2018 documents which reveal securities behind the brewing scandal over its bailout by the Federal Reserve. A copy of the…

Edward Hugh here. This is a post which was originally published at A Fistful of Euros. Sometimes it surprises me what some people consider to be news. Tony Barber points out today in the FT Brussels blog that the EU has the power to mount…

This comes from Ryan Chittum of the Columbia Journalism Review: Whatever Tim Geithner’s New York Fed was trying to hide in the AIG backdoor bailout was so volatile it was deemed worthy of national-security-like classification, and the…

I picked up this Robert Reich quote from Politico’s Open Mic section, which echoes the sentiments expressed by a Massachusetts voter in my recent post “President Obama, are you listening?”: A third political party is emerging in…

This is a post which I originally published at New Deal 2.0. Ed mentioned yesterday in his post Credit crises, market equilibrium, economic policy and fiat currencies that both the neoclassicals and the Obama Administration believe the…

Reuters reporter Matthew Goldstein has this breaking story: It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the…

I had originally looked to add this video to the last post on Black about the federal reserve. But the video here showing Black speaking to Bloomberg News about the recent AIG scandal and financial regulation deserves a post of its own.…

Below is the latest Bloomberg News video on the Geithner-AIG cover-up. Congressman Darrell Issa (R-CA), who learned by investigation that the NY Fed asked AIG to withhold information about payment to its counterparties, is now asking…

This is a post which originally appeared at New Deal 2.0 by Randall Wray on why President Obama needs a new economic team, starting with Tim Geithner. L. Randall Wray, Ph.D. is Professor of Economics at the University of Missouri-Kansas…

The White House Stands Behind Geithner, Says Tim Was Not Involved In AIG Email Fiasco is the headline of a recent post at Zero Hedge. Barack Obama is standing behind Tim Geithner. I remain unconvinced. This is the second time Secretary…