#back room deal

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Geithner Pushed AIG to Hide $13Bn CDS Deal
January 7, 2010 5 min. read

An arm of the Federal Reserve, then led by now-Treasury Secretary Timothy Geithner, told bailed-out insurance giant AIG to withhold key details from the public about overpayments that put billions of extra tax dollars in the coffers of major Wall Street firms, most notably Goldman Sachs. The sordid tale unfolds in a series of e-mails between the company and the New York Fed while Geithner was its president.

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