{"id":168697,"date":"2010-01-12T04:47:37","date_gmt":"2010-01-12T09:47:37","guid":{"rendered":"http:\/\/nw0.eu\/2010\/01\/12\/bankergate-emails-expose-criminal-financial-dictatorship-at-work.html"},"modified":"2010-01-12T04:47:37","modified_gmt":"2010-01-12T09:47:37","slug":"bankergate-emails-expose-criminal-financial-dictatorship-at-work","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/168697","title":{"rendered":"Bankergate: Emails Expose Criminal Financial Dictatorship At Work"},"content":{"rendered":"

\"\"<\/p>\n

‘Explosive emails
\nreleased last week could see Treasury secretary Timothy Geithner become
\nembroiled in criminal charges for his role in a cover up that exposes
\nthe monumental criminality behind the $182.3 billion bailout of
\nAmerican International Group Inc. <\/font>In
\nNovember and December 2008, The Federal Reserve Bank of New York
\ninstructed the bailed out AIG to hide from the public details regarding
\npayments the insurance giant made to banks, including Goldman Sachs
\nGroup Inc. and Societe Generale SA.<\/font><\/p>\n

\n<\/div>\n

Using Fed secured
\ntaxpayer bailout money, AIG paid several banks 100 percent of the face
\nvalue of credit-default swaps, as other financial institutions were
\nnegotiating deep discounts for the unregulated paper assets that do not
\nhave to be backed by cash. <\/font>The decision to pay the banks in full may have cost AIG, and therefore taxpayers, at least $13 billion over the odds.’<\/font><\/p>\n

\n<\/div>\n

Read more…<\/a><\/font><\/p>\n

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