Representative Darrell Issa has asked the New York Fed and AIG to provide related to the $14 billion Goldman Sachs received from U.S. taxpayers via AIG during the financial crisis.
Representative Issa the ranking member of the House Oversight and Government Reform Committee.
According to Issa:
The payments may “amount to nothing less than a backdoor bailout of AIG’s creditors,” the California Republican said in the letters, citing an Oct. 27 Bloomberg article about the New York Fed’s role in settling AIG’s obligations. There are “serious questions about the transparency, accountability and wisdom of the New York Fed’s actions.”
Source: Bloomberg
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