The Federal Reserve Bank of New York at the time that it structured the debt that it was going to give AIG insisted that not only did it get the debt, not only would it get principal and interest payments and collateral for that, it wanted 80% of AIG, precisely 77.9% of the shares and the voting rights. But the Federal Reserve Bank and Geithner knew that it was illegal for the Fed system whether there’s a Fed or the Federal Reserve Bank of New York to own that, so what did they do? They created this independent trust.
Wednesday, February 3, 2010
Breaking News: Evidence of criminal wrongdoing in Treasury’s handling of AIG? — securefreedom radio
Breaking News: Evidence of criminal wrongdoing in Treasury’s handling of AIG? — securefreedom radio
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment