Tim Geithner, AIG, and ideas for the movie.
Tim Geithner impersonates Jack Nicholson… again
Courtesy of Edward Harrison at Credit Writedowns
The White House Stands Behind Geithner, Says Tim Was Not Involved In AIG Email Fiasco is the headline of a recent post at Zero Hedge. Barack
This is the second time Secretary Geithner has done his “A Few Good Men” routine; and, judging from the uniformly negative response, it is another “deeply unpopular, deeply hard to understand” thing.
All of this is a bit cryptic. We deserve to know more as to why the Fed specifically wanted
Secretary, I have just one more question. If you gave an order that synthetic CDO structures weren’t to be discussed because they were irrelevant and your orders are always followed, then why were relevant bits of information crossed off on this memo?
Note that there should be no discussion or suggestion that AIG and the NY Fed are asking to structure anything else at this point.
Given that the disclosure describes the key amendment (i.e, updating the schedule to reflect the additional $[] exposure, is filing the amendment necessary or helpful?
-Handwritten note on document from late December 2008 discussing why not to reveal more details of the “Shortfall Agreement” at AIG.
I want the truth!
You can’t handle the truth!
I have a greater responsibility than you can possibly fathom. You weep for the taxpayer, you curse the U.S. Government. You have that luxury. You have the luxury of not knowing what I know – that the taxpayers’ demise, while tragic, probably saved lives. And, my existence, while grotesque and incomprehensible to you, saves lives.
I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom that I provide and then questions the manner in which I provide it.
Did you order the Code Red on AIG?
You’re goddamn right I did.
