There is quite a bit of reading on this today:
• ‘It All Came Together’: Emails Reveal Fed Staffers During AIG Crisis (WSJ)
• Two at Fed Had Doubts Over Payout by A.I.G. (NYT)
• Geithner Defends AIG Rescue as TARP Watchdog Probes (Bloomberg)
• November 2008 BlackRock Paper for Accepting Much Less than Par for AIG Paper (BlackRock)
Via the WSJ’s Dealbook, here are the players who will be testifying at the congressional hearings on AIG today.
Timothy Geithner, Treasury secretary; former Fed Bank of New York president
Thomas Baxter, Executive Vice President and General Counsel for the Federal Reserve Bank of New York
Neil Barofsky, Special Inspector General for the Troubled Asset Relief Program
Elias Habayeb, the former Senior Vice President and Chief Financial Officer of the AIG Financial Services Division
Henry Paulson, former Treasury Secretary
Stephen Friedman, a Goldman Sachs Group director and former Chairman of the Federal Reserve Bank of New York
More on this later . . .
>
Source:
The AIG Hearings
Stephen Grocer
WSJ, January 26, 2010
http://blogs.wsj.com/deals/2010/01/26/pre-gaming-the-aig-hearings-what-you-need-to-know/
What's been said:
Discussions found on the web: