iOS app Android app

Maiden Lane Iii

AIG Passes Major Milestone

AP | Posted 08.14.2012 | Business

NEW YORK — The Federal Reserve Bank of New York said Thursday that loans it set up to help facilitate the bailouts of American International Gro...

This Bailout Could Really Pay Off For Taxpayers

Reuters | Posted 07.07.2012 | Business

WASHINGTON, May 8 (Reuters) - U.S. taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer Americ...

Sham Transactions That Led to AIG's Downfall: The Ugly Truth Was Hiding In Plain Sight

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

If you want to understand the deals that wiped out AIG, the best place to start is the website of the 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...

Much of Fed's Secrecy Dissipates with a Little Digging

Thomas Adams and Yves Smith | Posted 05.25.2011 | Business
Thomas Adams and Yves Smith

What great service for the country have our banks performed that justifies letting them shroud their actions in obscurity? The FCIC should subpoena all bank emails and documents for public scrutiny.