Cuomo subpeonas AIG over CDS. (FINALLY!!!!)

Discussion in 'Current Events' started by RightofCenter, Mar 27, 2009.

  1. RightofCenter
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    RightofCenter Member

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    New York AG subpoenas AIG on CDS contracts: sources
    Thu Mar 26, 2009 6:58pm EDT

    By Grant McCool

    NEW YORK (Reuters) - American International Group Inc, which has received $180 billion in U.S. taxpayer money, was subpoenaed on Thursday by New York's top legal officer for information on its credit default swaps contracts, sources familiar with the matter said.

    Details were being sought on the contracts going back seven months, including those that have been wound down by AIG's Financial Products unit and those that have not, involving billions of dollars, one of the sources said.

    A spokesman for AIG declined to comment.

    The request stems from New York Attorney General Andrew Cuomo's investigation into $165 million paid to employees at the unit in retention bonuses this month.

    On Thursday, Cuomo did not comment on the subpoena, but he said in a statement that "CDS contracts were at the heart of AIG's meltdown.


    (continued) http://www.reuters.com/article/newsOne/idUSN2649738920090326
     
  2. WillowTree
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    WillowTree Diamond Member

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    Damn! we give the company 180 billion and we are gonna spend 9 trillion hunting them down like the dirty dogs they are.. we are so intelligent! Just damn. Don't give out no more fucking money people. :cuckoo:
     
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  3. editec
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    editec Mr. Forgot-it-All

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    If one hell of a lot of people involved in this mess do NOT go to prison, then we know god dmaned well this nation is doomed to repeat this same kind of thing again.
     
  4. WillowTree
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    WillowTree Diamond Member

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    and very soon,, they are going to bless the auto maker/ union people with billions next..
     

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