It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group (AIG.N) because of an action taken last year by the Securities and Exchange Commission.
In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of billions of dollars to big banks like Societe Generale, Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Merrill Lynch.
Do Something!
This is about hiding the direct theft of your tax dollars. Tell your representatives that you are alarmed that this kind of double dealing is aided by your government. If you don’t want to figure out what to say, you can cut and paste the blurb below BUT DO IT. This is not left or right, republican or democrat; it’s getting close to free or not free. If we don’t lift our voices, we won’t be heard.
*****STEAL THIS E-MAIL*****
I have read a report that e-mails, some of which may implicate Treasury Secretary Timothy Geithner, detail the New York Federal Reserve Bank’s complicity in hiding the transfer of tens of billions of U.S. tax dollars to European Union banks. It is also my understanding that the SEC has ordered these documents sealed until 2018. This is a stinking dead fish. The SEC needs to rescind the order and make the documents available for public scrutiny immediately. To not do so is an admission of guilt.
You have sworn to uphold the constitution of the United States. Do it. Apply your most diligent efforts to assure the SEC order is lifted and the e-mails are made available to the public.
Thank you.
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Dispatches From The Front 