Issa Says Geithner Is `Too Cozy' With Financial Industry: Video
Jan. 7 -- U.S. Representative Darrell Issa, a California Republican, talks with Bloomberg's Carol Massar and Matt Miller about e-mails between the Federal Reserve Bank of New York and American International Group Inc.
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#1 Jan 8, 2010
Not mentioned in recent reports are charges that the then-chairman of the New York Federal Reserve Bank (NYFRB), who was also a former CEO of Goldman Sachs, profited from significant investments which directly benefited from the direction by the NYFRB for AIG to pay 100 cents on the dollar to settle its securities trades. Goldman Sachs was among the, if not the, biggest beneficiaries of the AIG bailout. That CEO resigned shortly after he pocketed his profits.
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