SocraticGadfly: Geithner told AIG to break the law

January 07, 2010

Geithner told AIG to break the law

Well, technically, it was the collective voice of the New York Federal Reserve, which our current Treasury Secretary, Tim Geithner, headed at the time, which told insurer AIG not to reveal details of its federal bailout in 2008.

The biggest detail the NY Fed wanted kept under wraps is that AIG's default swaps partners, like Goldman Sachs, were paid 100 cents on the dollar.

You know, if Geithner had any honor, he would resign immediately.

If someone like Dennis Kucinich had the chutzpah, as in the last days of the Bush Administration, he would start impeachment proceedings if Geithner doesn't resign.

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