Breaking News: NY Fed told AIG to Withhold Swap Info from Public

WASHINGTON - The Federal Reserve Bank of New York (then led by Geithner pressed) American International Group Inc., to withhold from the public the details of the controversial, that deals a funnel billions of dollars in bailout money for Goldman Sachs and other banks. E-mails show lawyers from the New York Fed's AIG requested the information from a draft financial disclosure removed. Treasury Secretary Timothy Geithner was president of the New York Fed at the time. The deals were part of a massive rescue --Efforts at the height of the financial crisis. Legislators and others have Geithner Federal Reserve Bank of overpayments, including Goldman, and German bank to announce themselves with AIG, was indicted. The New York Fed, said forcing banks to take losses in purchasing or more information disclosure could also aggravated the crisis. Copyright 2010 MSNBC www.msnbc.msn.com See also Bloomberg, effectively broke the back the history of this morning: bloomberg.com NY Federal Reserve Tim Geithner AIG swap info GAO audit credit defaultSwaps Golman Sachs bailout CNBC Bloomberg



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