Judge Napolitano is on Shep’s Studio B making comment on Treasury Sec Timothy Geithner alleged involvement in an AIG failed disclosure.
Disclosure of what? Bloomberg claims that Bankrupt AIG used tax payer bail-out funds to pay banks like Goldman Sachs, 100 cents on the dollar for Credit Default Swaps (toxic assets – unsecured electronic debt notes).
Geithner is said to have known (authorized) about these transactions and took actions to hide the information from the Government and the People.
Two things…
- Geithner needs to be investigated and if guilty he gets jail time.
- Don’t lose sight of Goldman Sachs getting another sweet deal of 100% on the tax payer dollar. (Remember GM/Chrysler?)
Related posts:
AIG bailout – Google News
