Watchdog: Treasury and Fed failed in ...

Watchdog: Treasury and Fed failed in AIG oversight

There are 1 comment on the San Bernardino County Sun story from Oct 14, 2009, titled Watchdog: Treasury and Fed failed in AIG oversight. In it, San Bernardino County Sun reports that:

Treasury Secretary Timothy Geithner is "ultimately responsible" for regulators failing to rein in massive bonus payments at American International Group because he led the agencies that provided AIG's lifelines.

Join the discussion below, or Read more at San Bernardino County Sun.


Whittier, CA

#1 Oct 14, 2009
nobody failed, everyone who matters got exactly what they wanted. this entire thing was planned from the beginning. all the important people get paid while joe punchclock get hosed. its the history of american big business. we have heard enough stories of corporate irresponsibility to know how corrupt our own governing system is. big business is corrupt because our govenment allows it. "the government" is really just a bunch of individuals with personal and corporate agendas whose constant re-shuffling of laws allows the money making to continue unabated.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Bank of New York Discussions

Title Updated Last By Comments
News Texas Wants Its Gold Back From The Feds Jul '15 Guest 1
News Paulson Distances Himself From A.I.G. Payments (Jan '10) Dec '14 Swedenforever 13
News 5 Things to Know About Big Banks, the Federal R... (Nov '14) Nov '14 Andarz Abedini 5
News The Real Deal-Real Estate update (Sep '14) Nov '14 Mikelintro 2
News Senate Panel to Hold Hearing on Regulators' Tie... (Oct '14) Nov '14 Le Jimbo 2
News Speed read: The juiciest bits from Timothy Geit... (May '14) May '14 okimar 4
News Real Estate Foreclosures 9/15/13 (Sep '13) Sep '13 A Justday 2
More from around the web