January 7, 2010
New York Fed Told AIG Not to Disclose Details about Payments to Banks
Numerous media sources report that emails between the New York Federal Reserve Bank and AIG show that AIG planned to disclose details about the controversial payments it made to counterparties to cancel financial deals -- including Goldman Sachs and Deutsche Bank -- in SEC filings, but attorneys for NYFed, in pre-filing review, told AIG not to disclose so much information. NY-Fed and Treasury spokespersons downplayed the emails.
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