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Saturday, January 9, 2010

N.Y.Federal Reserve Bank. Cover-Ups Are Regular And Necessary Part Of Reporting To The Securities and Exchange Commission.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/08/AR2010010803656.html
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/08/AR2010010803656.htmlHouse panel wants Geithner to testify about New York Fed and AIG

The chairman of the House Whitewash Committee wants to question Treasury Secretary Timothy F. Geithner.

Timothy F. Geithner who's cheating on his taxes was qualification enough for his appointment by Barack Hussein Obama to the job Secretary of Treasury is now being questioned on his other shady dealings.

What started this government circus is finding out that New York Federal Reserve Bank had asked AIG to refrain from disclosing financial details (cover-up) to the Securities and Exchange Commission. Legal counsel for the New York Federal Reserve Bank claims that cover-ups are a necessary and regular part of what the New York Federal Reserve Bank does. In fact, the New York Federal Reserve Bank say a cover-up does NOT mislead the Securities and Exchange Commission. White House spokesman Robert Gibbs claimed that cover-ups are such a routine part of what the New York Federal Reserve Bank does that nobody in that organization even bothers to ask their superiors for permission to suggest that a cover-up is necessary.

For some unknown reason the House Whitewash Committee thinks that since the bailout used taxpayer money, the taxpayers ought to know about it. The government has never cared in the past about wasting taxpayer money so I wonder if this could be a ploy to distract from something else the government has done recently, or is planning on doing in the near future?

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