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- Oct 29, 2008
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Report: N.Y. Fed Knowingly Bought Lehman Junk Under Geithner
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Moneynews - Report: N.Y. Fed Knowingly Bought Lehman Junk Under Geithner
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New Economic Perspectives: Timmy-Gate: Did Geithner Help Hide Lehman’s Fraud?
New York Fed Warehousing Junk Loans On Its Books: Examiner's Report
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New York Fed Warehousing Junk Loans On Its Books: Examiner's Report
Read more:
Moneynews - Report: N.Y. Fed Knowingly Bought Lehman Junk Under Geithner
More generally, this revelation drives home three related points. First, the scandal is on-going and it is huge. President Obama must hold Geithner accountable. He must determine what did Geithner know, and when did he know it. All internal documents and emails related to the AIG bailout and the attempt to keep Lehman afloat need to be released. Further, Obama must ask what has Geithner done to favor his clients on Wall Street? It now looks like even the Fed BOG, not just the NYFed, is involved in the cover-up. It is in the interest of the Obama administration to come clean. It is hard to believe that it does not already have sufficient cause to fire Geithner. In terms of dollar costs to the government, this is surely the biggest scandal in US history.
Read More:
New Economic Perspectives: Timmy-Gate: Did Geithner Help Hide Lehman’s Fraud?
New York Fed Warehousing Junk Loans On Its Books: Examiner's Report
Read More:
New York Fed Warehousing Junk Loans On Its Books: Examiner's Report