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

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22 pages
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Brief Executive Summary
The House Committee on Oversight and Government Reform provides a detailed look at the federal bailout of the American International Group, the payment to counterparties of AIG's credit default swaps, and how the Federal Reserve chose to conceal information about these payments to the American People. The report uncovers multiple actions of the Federal Reserve that showed a lack of transparency.
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