What’s becoming clear during the AIG Hearings is that U.S> government and banking finance leaders—Geithner, Friedman, Paulson, Bernanke, and the SEC—sold U.S. Democracy down the river for 33 billion shekels. Some are calling for indictments from NY State AG Cuomo since Obama appointee U.S. AG Eric Holder will not, as pols and banksters sell Democracy down the river.
AUDIT THE FED
Treasury Secretary Timothy Geithner is not the only person who should be in hot water over the attempts by the government to counsel lawyers at AIG to skirt SEC requirements of full disclosure of creditors and promises to pay them. Think about this: Geithner’s lawyers from the NY Fed were trying to keep the public from learning that AIG owed $13 billion to Goldman Sachs and that AIG had promised to pay Goldman Sachs one hundred cents on the dollar.
Question, what was the day job of the then Chair of the New York Fed? Answer, he was the Chair of Goldman Sachs, Steven Friedman. Question: What was the former job of the then Secretary of the Treasury? Answer: He was the Chair of Goldman Sachs, Henry Paulson. If US Attorney General Eric Holder does not see enough here to empanel a federal grand jury to look at all this, perhaps NY State Attorney General Andrew Cuomo will.
The failure to disclose fully the names and re-payment intentions with respect to vendors and creditors during the process of receiving massive government assistance violates New York State law as well as federal law.