PAULSON - AIG/GOLDMAN INVESTIGATION
Odd Pelosi has a huge state in AIG was this the emergency!!!!
YOU KNOW THE FBI IS ON THIS ONE & CLEAR CONFLICT OF INTEREST/.....INSIDE TRADING ??????????????
The firms received cash as AIG borrowed from a Federal Reserve credit line endorsed by Paulson, Goldman’s former chief executive. The insurer had borrowed $44.6 billion from the credit line as of September 25, the Federal Reserve reported that day.
Paulson’s successor at Goldman, Lloyd Blankfein, was the only chief executive at a meeting September 15 at the New York Federal Reserve Bank at which the troubles at AIG were discussed, although representatives of other firms were present, a Fed spokesman said.
http://www.business-standard.com/india/storypage.php?autono=335924
Pelosi, Kerry May Share Pain as AIG Stakes Evaporate (Correct)
By Jonathan D. Salant
(Corrects Sept. 19 story to show Hayes is from North Carolina in 11th paragraph.)
Sept. 19 (Bloomberg) -- The market storm that brought down Lehman Brothers Holdings Inc., American International Group Inc. and other pillars of U.S. finance may have also blown holes in the portfolios of House Speaker
Nancy Pelosi, Senator
John Kerry and more than 50 other members of Congress.
Pelosi, in her most recent financial disclosure form, reported that
her husband owned between $250,000 and $500,000 of stock in AIG, which ceded majority control to the U.S. government this week in exchange for $85 billion of loans.
Kerry, the 2004 Democratic presidential nominee, disclosed that his wife,
Teresa Heinz Kerry, had more than $2 million of
AIG stock at the end of 2007, when shares were worth $58.30. AIG has fallen 85 percent this week to close yesterday at $2.69. The lawmakers' aides didn't respond to calls seeking comment.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSEtGBXG0C0s&refer=worldwide
Pelosi leads Democrats’ assault on AIG rescue
Posted by
willyloman on September 18, 2008
House Speaker Nancy Pelosi Wednesday evening unleashed a stinging attack on the Federal Reserve’s decision to rescue the giant insurance firm American International Group Inc.
The Federal Reserve is purchasing an 80 percent stake in AIG and will lend $85 billion to AIG to avert its collapse.
Pelosi did not find fault with Federal Reserve chairman Ben Bernanke for the action he took Tuesday night, nor did she suggest she would have preferred some alternative action.
Pelosi did not answer what she would have done had she been in Bernanke’s shoes.
But she was scathing in her criticism of Bernanke’s rationale.
She said Bernanke had told congressional leaders that action to save AIG had come partly at the behest of central bankers in Europe.
“Their economies depended on our bailing out AIG,” she said. “Why aren’t these foreign institutions participating in this bailout? Where is this money coming from?”
Pelosi sees a ‘rip-off’
She denounced AIG as “a ripoff situation” and unleashed a scathing attack on Wall Street financiers.
http://willyloman.wordpress.com/2008/09/18/pelosi-leads-democrats-assault-on-aig-rescue/
