William Black is a former “regulator” with an opinion on recent revelations of the possible covering-up of cover-ups by then NY Fed’s Tim Geithner (now US Sec. Treasury).
Bill Black calls for the disclosure of “emails, accounting records, trading records and financial models” of AIG stating that AIG Emails are the “black box” of the financial crisis.
Be sure to check out the insightful question asked by the Bloomberg reporter at the end…
I found this video on SeekingAlpha.com with the following comments from contributor Edward Harrison
“The question Black asks is why haven’t we seen a more thorough investigation of AIG, a company 80% owned by taxpayers? He also makes a good analogy to the forensic examination of airplane crashes, telling us that any experienced investigator knows to go to the black box first. In the case of a financial catastrophe, it is the models, the e-mails and other correspondence which will tell you what you need to know. He sees the most recent scandal involving the New York Fed as a cover-up of prior cover-ups.”
“Bill, what’s up with the beard?”
“I would be remiss if I didn’t point out the apparent bias the presenter shows. The host appears in visible disbelief near the end of the spot as to why this is important. She even goes as far as to ask why are we dredging up the past. I find this a remarkably poor piece of editorial on an extremely important issue. Maybe the beard threw her.” read more – William Black on AIG Cover-Up of the Cover-Up of the Cover-Up — Seeking Alpha.
Related posts:
AIG Emails – Google News
