One small hint as to why the Fed administrators and acolytes are so adamently opposed to a meaningful audit measure:
Quote:
Jan. 7 (Bloomberg) -- 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.
AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008.
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The Federal Reserve handed Goldman Sachs and a few other buddies a hundred or so billion dollars with AIG acting as the middleman and then said, "lets keep this a secret among friends."
To borrow a line from Stalin....if someone steals $1,000, he's a theft. If someone steals $100,000,000,000 he's a financial wiz who kept our economy afloat.