"But in their letter, the representatives said that while they were aware of “systemic risk,” they still wanted to know who had decided that the way to contain such risk would be to completely insulate the banks from losses."
"“Credit-default swap contracts were at the heart of A.I.G.’s meltdown,” Mr. Cuomo said in a statement. “The question is whether the contracts are being wound down properly and efficiently, or whether they have become a vehicle for funneling billions in taxpayers’ dollars to capitalize banks all over the world.”"
The corruption continues.
http://www.nytimes.com/2009/03/27/business/27cuomo.html?em
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment