Friday, March 27, 2009

NY AG Cuomo Investigating AIG CDSs And Counterparty Payments.

Via TPM:
The Wall Street Journal reports (sub. req.) that [NY State AG Andrew] Cuomo plans to subpoena AIG for documents about the credit default swaps that brought the company to its knees.

See also
NYTimes ("Members of Congress and the New York State attorney general demanded detailed information Thursday on how tens of billions of taxpayer dollars flowed through the American International Group during its crisis last fall and ended up in the coffers of several dozen big banks, shielding them from losses.")

1 comment:

airJackie said...

For all those Sptizer haters out there he's giving Cumomo the blueprint to his investigation just to make sure these crooks are caught. Yes Eliot Spitzer was working hard for the American people as the American people kicked him out and say we like Wall Street not you. Oops the Stock Maket Crashed we're in a Recession and now those same Americans demand to know what happen. I say look in the mirror. As we sit back and watched Foley, Craig and Vitters with not problem at all it is Spitzer's personal life we attacked. We see no problem with a pass President who openly lied for 8 years and caused thousand of soldiers to lose their lives, who killed 151,000 Iraqi people as they slept in their beds and robbed the US Treasury of 11 Trillion dollars but the only important matter was Spitzer hiring a prositute with his own money is the biggest Crime of the Century. Never mine losing your home, job and life saving that could have been saved if Sptizer were allowed to indict the criminals on Wall Steet. You get what you pay for and we got busted.