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.

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