The more things change, the more they stay the same. http://www.bloomberg.com/apps/news?pid=20601087&sid=ax3yON_uNe7I
<http://www.bloomberg.com/apps/news?pid=20601087&sid=ax3yON_uNe7I>"A potentially more important development slipped by with less notice, Bloomberg Markets reports in its April issue. Representative Darrell Issa<http://search.bloomberg.com/search?q=Darrell+Issa&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>, the ranking Republican on the House Committee on Oversight and Government Reform, placed into the hearing record a five-page document itemizing the mortgage securities on which banks such as Goldman Sachs Group Inc.<http://www.bloomberg.com/apps/quote?ticker=GS%3AUS> and Societe Generale SA had bought $62.1 billion in credit-default swaps from AIG. These were the deals that pushed the insurer to the brink of insolvency -- and were eventually paid in full at taxpayer expense. The New York Fed, which secretly engineered the bailout, prevented the full publication of the document for more than a year, even when AIG wanted it released. That lack of disclosure shows how the government has obstructed a proper accounting of what went wrong in the financial crisis, author and former investment banker William Cohan<http://search.bloomberg.com/search?q=William%0ACohan&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1> says. This secrecy is one more example of how the whole bailout has been done in such a slithering manner, says Cohan, who wrote House of Cards (Doubleday, 2009), about the unraveling of Bear Stearns Cos. Theres been no accountabili ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:312848 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
