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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%Nov 11 4:00 PM EST

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To: energyplay who wrote (60405)1/25/2010 10:50:11 PM
From: TobagoJack1 Recommendation  Read Replies (2) of 217697
 
<<Is it possible that large parts of the PRC government are unaware of what other parts of their government are doing ?>>

naturally.

mean while, on another continent and within a different domain, where all can know all, and yet know nothing at all, for their own good, as their heads spin and be spun :0)

just in in-tray ...

The leaks continue apace:

The day after Vice Chairman Kohn testified before Congress, it started dawning on the FRBNY that they weren’t going to be able to keep the names of counterparties from Congress.

FRBNY staff member James Bergin e-mailed several other FRBNY staff:

“I have to think this train is probably going to leave the station soon and we need to focus our efforts on explaining the story as best we can. There were too many people involved in the deals – too many counterparties, too many lawyers and advisors, too many people from AIG – to keep a determined Congress from the information.” 62

Fascinating stuff . . .

>

___________
62 E-mail from James Bergin to Alejandro LaTorre et al, March 6, 2009, BATES #FRBNY-TOWNS-R3-008604.

>

Source:
Public Disclosure As A Last Resort: How the Federal Reserve Fought to Cover Up
the Details of the AIG Counterparties Bailout From the American People
Special Report
U.S. House of Representatives , 111th Congress
Committee on Oversight and Government Reform
January 25, 2010
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