Bernanke confirmation delayed; GOP senators demand Fed transparency on bailouts

Mark Tapscott Washington Examiner 1/21/10

Federal Reserve Board Chairman Ben Bernanke’s confirmation vote by the Senate for a second four-year term has been delayed, pending receipt by the committee of documents concerning the Fed’s role in the massive bailouts of the U.S. financial industry in 2008 during the economic meltdown.

Three Republican senators – all […]

Should Tim Geithner be indicted?

Judge Andrew Napolitano January 14, 2010

The emails obtained by Cong. Darryl Issa (R-CA), which I have seen and reviewed, reveal a conspiracy among lawyers for AIG and the NY Fed to conceal from the SEC the nature and extent of AIG’s true indebtedness and its stated intention to pay certain vendors (among them […]

Oversight Committee Subpoenas AIG Documents

Republican Committee on Oversight & Government Reform Wednesday, 13 January 2010

WASHINGTON. D.C. – After declining an October 30th request made by House Committee on Oversight and Government Reform Committee Ranking Member Darrell Issa (R-CA) to the Federal Reserve Bank of New York (FRBNY) for all communications related to FRBNY’s negotiations with AIG’s counterparties, the […]

AIG, autos offset Treasury bank bailout profits

Washington–(Reuters) – U.S. taxpayer profits from bank bailout investments are being offset by estimated losses from American International Group and automakers and mortgage payment cuts for struggling homeowners, a U.S. Treasury report showed on Monday.

The Treasury estimated net losses on its $700 billion bailout program at $68.5 billion for the fiscal year ended September […]

How Lehman and A.I.G. lead to TARP and where we are one year later

Fed Advice to A.I.G Scrutinized

Mary Williams Walsh The New York Times January 7, 2010

New revelations that the government stopped the American International Group from revealing information about its bailout had securities lawyers and policy makers buzzing on Thursday about whether the information had to be disclosed under federal securities law, and if so, what to do about the […]