Will the federal government continue coddling AIG?

Erich Vieth | December 19, 2009 | Comments (1)

Fascinating Op-Ed in today’s NYT, written by three former prosecutors (ELIOT SPITZER, FRANK PARTNOY and WILLIAM BLACK) who are demanding that AIG be forced to release voluminous emails in its possession that would allow the public to understand the economic meltdown that cost taxpayers hundreds of billions of dollars, including 180 billion dollars to AIG.  I agree entirely.  There is no reason for delay.  It’s time to turn AIG inside out, that much is clear.  The only thing that is unclear is whether the politicians in Washington DC can muster up the courage to represent the taxpayers rather than the big banks.

Here’s an excerpt from the Op-Ed piece:

aig-emails

  • Share/Bookmark
Related posts:
  1. The bankers continue their stranglehold over Washington.
  2. Banks: We’ve paid you back, so we’ll now be on our way . . .
  3. We’re another step closer to auditing the Federal Reserve
  4. Newly released AIG emails further impugn Tim Geithner
  5. Who’s watching the Federal Reserve? Not the Inspector General of the Federal Reserve.

Tags: , , , ,

Category: Communication, Economy, Fraud, Politics, Uncategorized

About Erich Vieth: Erich Vieth is an iconoclastic attorney, musician and writer living in the Shaw neighborhood of St. Louis, Missouri. He and his wife Anne Jay have two daughters, aged 9 and 11. View author profile.

Comments (1)

Trackback URL | Comments RSS Feed

  1. Erich Vieth says:
    December 21, 2009 at 4:59 pm

    Jim Wallis asks that citizens sign on to ask Congress to require AIG to divulge its internal memos. Why? Because the taxpayers own most of AIG. Tell your representative to pry open AIG and let’s see what caused this financial debacle:

    Since AIG is now 80% owned by U. S. taxpayers, it is more than appropriate that we know the truth here. A citizens group has created a website urging people to sign An Open Letter to the Trustees and US Congress, asking that all of these documents be released to investigators. I’ve signed it, and urge you to do so. With the economy still struggling to recover from the crisis AIG helped to create, with tens of millions of people unemployed and home foreclosures growing, we deserve to know how and by whose decisions this happened in order to hold them accountable. This is what democracy requires; this is what morality requires, this is what religion requires — to tell the truth.

    http://www.huffingtonpost.com/jim-wallis/you-shall-know-the-truth_b_399849.html

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word