Indictments or it didn't happen, stop pretending to be hard on crime. The regulators are on it, what kind of sick joke is this? Oh, sorry, the SEC was totally in on it, I must have misheard the statement when I thought they said they would be preventing (not participating) in financial crime.I put together a lot of links on this issue that you can find at Jr Deputy Accountant. In case you still don't get it after reading that, this is the point where you are supposed to get completely outraged, America. Come on, turn off the TV and look at what they're doing to you.
Email disclosures by AIG, responding to subpoenas from the House Oversight Committee, have revealed that the New York Federal Reserve requested that information about the AIG bailout be kept secret as if it were connected to national security.U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters.
The request to keep the details secret were made by the New York Federal Reserve — a regulator that helped orchestrate the bailout — and by the giant insurer itself, according to the emails.
In somewhat related news, I don't want anyone to miss this Bernanke classic (while his confirmation is still hot news) in video form. It includes such smash Bernanke hits as "fundamentals are strong" and "I don't believe house prices can fall". Don't miss "Speculation? Nah, what speculation? A few folks are buying condos in hot spots, it's cool."
4 more years!