Monday, October 6, 2014

AIG Bailout Trial Bombshell I: Paulson Rejected Chinese Offer to Invest “More Than the Total Amount of Money Required” | AIG Bailout Trial Bombshell II: Fed and Treasury Cornered AIG’s Board into Taking a Legally-Dubious Bailout

Yves Smith >> As I said, there is more juicy material here. I strongly urge readers to dig in. I know this is only one side of a complicated picture. But given how much specific detail is marshaled in this AIG bailout trial filing, it is going to be interesting to see how the Paulson, Geithner and Bernanke justify the actions they took. Greenberg has always been seen as unlikely to win this case, but the government might find a victory to be more costly than it anticipated.

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