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May 19, 2013
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Bernanke Offers Fed’s AIG Records to Gov’t WatchdogsPosted on Jan 19, 2010
The Fed has nothing to hide about its dealings with AIG when it saved the too-big-to-fail insurance behemoth during the great bailout of 2008-9—or at least Federal Reserve Chairman Ben Bernanke has signaled his full willingness to make the central bank’s relevant “records and personnel” available to investigators from the Government Accountability Office.
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By SoTexGuy, January 19, 2010 at 1:26 pm Link to this comment
It seems increasingly obvious that if the entire panoply of efforts by the Fed and Congress to rescue the banking system and by coincidence our economy could be scrutinized in their entirety the conclusion would be that the goal of all of it was to prevent major losses by the principals of Goldman Sachs.
It’s also obvious that no accounting of the facts will ever include all the facts or evidence or result in any meaningful change in the way things are done on Wall Street or inside the Beltway.
It could be a good show, though.
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