Geithner’s New York Fed Told AIG to Limit Swaps Disclosure

The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.

Why should this surprise no one? Publicly funnel money in through the front door, and quietly move it through the backdoor to payoff the OTC derivative winners.

Source: bloomberg.com