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Geithner Criticized Over AIG Counterparty Payments

Bailoutsleuth | Tue, 11/17/2009 - 4:37pm |  1 comment

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The Federal Reserve Bank of New York failed to exercise existing powers to force the American International Group Inc.'s creditors to accept losses as the insurance giant threatened to collapse last year, according to a new oversight report . Neil M. Barofsky, the inspector general for the Tr
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