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NY Fed Told AIG to Hide Payouts

Details of 'backdoor bailout' hushed up

By Rob Quinn,  Newser Staff

Posted Jan 8, 2010 4:51 AM CST

(Newser) – The Federal Reserve Bank of New York pressured AIG not to release details of massive payments it made to banks after it was bailed out, email exchanges released yesterday reveal. The insurer paid banks, including Goldman Sachs, in full for securities linked to subprime mortages,...   Read full story »

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