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New York Fed

Geithner AIG Testimony: Treasury Secretary Says AIG Bailout Saved Economy, Not Individual Banks

Bloomberg | Rebecca Christie | Posted 05.25.2011 | Business

Click here to read Geithner's testimony about the New York Fed's aid to AIG. Treasury Secretary Timothy F. Geithner said the government rescued Ameri...

AIG Bailout: 2 Fed Governors Warned Against 'Gifts' To Banks, Documents Show

New York Times | GRETCHEN MORGENSON and LOUISE STORY | Posted 05.25.2011 | Business

Weeks after rescuing the American International Group with an $85 billion taxpayer loan in late 2008, Federal Reserve Board officials rejected a propo...

France Pushed For AIG-Fed Deal To Pay Banks In Full With US Money

Bloomberg | Posted 05.25.2011 | Business

The Federal Reserve Bank of New York paid French banks 100 cents on the dollar to settle trades with American International Group Inc. in November 200...

Geithner: Bailed Out AIG 'Absolutely' Right To Pay Banks Top Dollar (VIDEO)

Posted 05.25.2011 | Business

Scroll down for video of Geithner's interview with CNBC. Tim Geithner believes that bailed out insurer AIG was "absolutely" right to pay other bailed...

Revisiting The Fed's Bailout Of AIG And The Benefits For Goldman Sachs

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

A RAY of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, p...

Tim Geithner Must Go

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

The latest revelations about the New York Fed's actions in the AIG bailout make one thing clear: Treasury Secretary Tim Geithner must go.

Fed Returns $46 Billion To Taxpayers, Gets Subpoena From Congress Over AIG

McClatchy | Kevin G. Hall | McClatchy Newspapers | Posted 05.25.2011 | Politics

In dual developments that underscored the complex reality of stressful financial times, the Federal Reserve said Tuesday that it returned to taxpayers...

Goldman Sachs Alumni With Government Ties

Felix Salmon | Posted 05.25.2011 | Business

With Jon Corzine losing the governorship of New Jersey yesterday, it was yet another bad day for former heads of Goldman Sachs. It's worth running dow...

Roy Sekoff On AIG-Fed Emails: This Has Got To Be The End Of Tim Geithner (VIDEO)

Huff TV | Posted 05.25.2011 | Politics
Huff TV

HuffPost Editor Roy Sekoff appeared on The Ed Show Thursday to weigh in on news that Tim Geithner and the New York Fed actively worked to keep details...

Eliot Spitzer Weighs In On Geithner And AIG-New York Fed Emails (VIDEO)

Posted 05.25.2011 | Business

Former New York Governor Eliot Spitzer made an appearance on The Ed Show Friday. Spitzer weighed in on the scandal surrounding emails from the New Yor...

David Wessel on the Failure of Lehman Brothers

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

This was a Katrina-like failing. A disaster was clearly building and defenses were weak. What were the Fed and Treasury doing in those key months between Bear and Lehman?

Stephen Friedman, New York Fed Chair, Resigns

Reuters | Posted 05.25.2011 | Business

Stephen Friedman, chairman of the New York Federal Reserve's board of directors, resigned on Thursday amid questions about stock purchases in his form...