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SEC order helps maintain AIG bailout mystery

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posted on Jan, 12 2010 @ 10:32 AM
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SEC order helps maintain AIG bailout mystery


www.reuters.com

It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group

In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of billions of dollars to big banks like Societe Generale, Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Merrill Lynch.

The SEC's decision to approve AI
(visit the link for the full news article)




posted on Jan, 12 2010 @ 10:32 AM
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The SEC are the same people that never did anything to Madoff.



When AIG filed the Schedule A exhibit with the SEC, it redacted the information it wanted to keep confidential, in anticipation regulators would approve its request.

Is this what more regulators do?
Ensure less regulations?



Last Thursday the furor over the Maiden Lane transaction was reignited after Rep. Darrell Issa, a California Republican, released copies of emails detailing discussions between the New York Fed and AIG over how much information to disclose.

But Issa, in a prepared statement, said "as much information as possible should be made available to Congress to review the details and decisions" regarding the payments.


Ya right!

www.reuters.com
(visit the link for the full news article)



posted on Jan, 12 2010 @ 10:43 AM
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This is downright criminal!
If these people don't start policing themselves, they should not be suprised when a little street justice comes to pass!



posted on Jan, 12 2010 @ 11:00 AM
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2018??

Just enough time for them to take whatever they can and GTFO.

But honestly, what do you expect from a federal agency that protects investors?
Especially investors with special interests...

S+F



posted on Jan, 12 2010 @ 12:59 PM
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I expect nothing less from our leaders and CEO's. This is the fufillment of our societies wants and desires. Selfishness and greed. It should have been expected. Our whole lives are spent in competition and these are the lucky few who managed to out compete everyone else and set the rules for the game. Throwing these people out on the street wont do a thing. Our way of lives promotes this behaviour.

Perhaps I am bitter today but I say good on them. They managed to play the game better than any of us and reap the rewards.

Better luck next time

Cheers



posted on Jan, 12 2010 @ 01:28 PM
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THis is classic JFK stuff..keep pushing the date, so as another generation goes by, people no longer care or forget* thats what thier doing..they must have some of the worst mathmaticians and accountants taht would take them 8 years to find loopholes, laundering and so on and so on...i dont feel to comfortable knwoing these are amonsgt the leaders telling us how much we have to pay in taxes, set the rules of trade and all..
youde think with a barin and calulator, tis sufficient..and manpower is NOT the problem.their hiding 'things' from us.



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