Bloomberg continues to push the Geithner-AIG cover-up issue

| 11 January 2010 09:18

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 questions. The New York Fed has responded saying that Tim Geithner “played no role in” the deliberations and communication referenced in specific e-mails now in question.  This issue needs further investigation.

(see video embedded below)

The NY Fed has not said categorically that Tim Geithner played no role in or had no knowledge of the withholding of information. I would like to see a categorical statement of this sort.

An example would be:

Timothy Geithner neither knew of nor participated in any deliberations concerning the withholding of information about payments by AIG to its counterparties. Any decisions to withhold information about AIG’s payments to its counterparties were made without the knowledge or participation of Mr. Geithner.

That is a categorical statement.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Related Posts
More About: , , , , ,