Video: Dylan Ratigan with Henry Blodget & Eliot Spitzer discussing the NYT Op-Ed "Show Us The Email" regarding the release of internal AIG documents -- Aired December 21, 2009
Spitzer:
- "What was the relationship between AIG and Goldman, AIG and the Fed, AIG and Treasury, what was known bottom to top. These are critical questions that the taxpayer deserves to know...We deserve to know because our financial future depends upon it."
Blodget:
- "The allegation is that AIG was trying to solve the problem on its own, going to Goldman, saying, 'Take sixty cents.' Suddenly Geithner charges in, says, 'Don't worry, we'll make you completely whole.' That is a huge problem, and to Eliot's point, we have to know what happened there, why that mistake was made, because I think it's universally viewed as a mistake."
At issue is the extent to which Goldman Sachs was exposed to AIG's risk -- and whether Friedman and Geithner's decision to pay AIG counterparties at par was made to forestall Goldman's potential collapse. Our educated readers know too well that the answers to both are the affirmative.
Treasury controls the board and Obama could order the documents to be released. Therefore, we continue to wait. Change you can believe in -- he's Deficit Banks Obama.
Blodget's response in more detail is HERE >>
