derivatives

Geithner’s Fed Made AIG Pay Banks to the Max

Oct 28, 2009
That Timothy Geithner must love the big banks he spends all day talking to. Back when he was in charge of things, the Federal Reserve Bank of New York forced AIG to pay off Wall Street tycoons for all those toxic bets, even though the mega-insurer was busy trying to negotiate a better deal.

AIG on the Mend?

Sep 21, 2009
After narrowly escaping catastrophe during the financial implosion that began last fall, American International Group -- otherwise known as AIG -- is leveling out, according to a cautiously optimistic new report from Congress' Government Accountability Office.
Join our newsletter Stay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.

The Clinton Bubble

Apr 29, 2009
Has Timothy Geithner ever had lunch with a non-megamillionaire who has lost his job or home because of the banking meltdown? I ask that question after reading the list of the treasury secretary’s luncheon dates when he was head of the New York Federal Reserve, a list that the government was forced to provide in response to a lawsuit.

Courage Award Honors Two Women Who Warned Us

Mar 29, 2009
There has been much hand-wringing, not to mention finger-pointing, regarding who knew what, and when, about the financial calamities that have recently come to pass. However, Brooksley Born and Sheila Bair won't be counted among the willfully or accidentally ignorant: They've been named this year's winners of the JFK Profile in Courage Award for sounding the alarm far ahead of time.