SUBSCRIBE:
Michael van der Galien

Michelle Malkin: Culture of Corruption Watch

by
Posted on January 12 2010 9:46 am
Michael van der Galien was born in the Dutch city of Leeuwarden in 1984. For as long as he can remember, he has been obsessed with the United States. When he was 17 years old, he started blogging - of course about America. His articles have been published at Big Hollywood, Pajamas Media, Hot Air (the GreenRoom) and Right Across The Atlantic. He's also an editor for the Dutch conservative blog, De Dagelijkse Standaard.
Be Sociable, Share!
Print This Post Print This Post

By Michelle Malkin • January 11, 2010 03:47 PM

Late last week, Bloomberg News reported that the New York Federal Reserve Bank — then under the leadership (or rather, lack of leadership) of Tim Geithner — presided over a systemic effort in the fall of 2008 to suppress public disclosure of ailing insurer AIG’s backdoor bailout payments to banks (I lambasted the corruptocrat NYFed/Geithner regime over the suppression on Fox & Friends last Thursday here):

The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. 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.

Read the whole thing at Michelle Malkin’s blog.

Be Sociable, Share!
One Response leave one →

Leave a Reply

Note: You can use basic XHTML in your comments. Your email address will never be published.

Subscribe to this comment feed via RSS

Copyright 2018 NewsReal Blog

The Theme Foundry