Barofsky Says Criminal Charges Possible in Alleged AIG Coverup

[kpete]

Source: Bloomberg

©2010 Bloomberg News

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"There was a time when, if you got that word the stock price would go up, and if you were to trade on that information prior to the public announcement, that would be classic insider trading," Barofsky says.

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...Barofsky says the question of whether the New York Fed engaged in a coverup will result in some sort of action.

"We're either going to have criminal or civil charges against individuals or we're going to have a report," Barofsky says. "This is too important for us not to share our findings."

He won't say whether the investigation is targeting Geithner personally...




Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/04/27/bloomberg1376-L1K4VK0UQVI9-3.DTL#ixzz0mOt1bA8X

[chill_wind]

1. Good.

There was news of him talking about this probe back in January.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x75243

So all the RW media sockpuppets talking about orchestration and timing can shove it.
They (Washington media) didn't read/report on his Tarp Audit report & Geithner many many months ago when it came out, either.


K & R.

[Daphne08]

2. K & R

:kick: