The Full Feed from HuffingtonPost.com Wed 2009-11-25 12:11 EST

Geithner Singled Out In TARP Watchdog Neil Barofsky's Scathing Report On AIG Bailout

The Huffington Post News Editors

In its bailout last fall of the insurance giant AIG, a team led by current Treasury Secretary Timothy Geithner failed nearly every step of the way, according to a scathing report released Monday by a government watchdog. Instead of bargaining with AIG's numerous counterparties to resolve its billions of dollars in souring derivatives contracts, Geithner's team ended up funneling payments for those toxic derivatives to AIG's counterparties at "an amount far above their market value at the time," the report notes.

AIG Bailout; com; full Feeds; Geithner singled; HuffingtonPost; TARP watchdog Neil Barofsky's scathing report.

Wed 2009-04-01 00:00 EDT

Mish's Global Economic Trend Analysis: Dairy Farm Crisis; Milk Prices Turn Sour

Dairy Farm Crisis; milk prices turn sour; Mish's Global Economic Trend Analysis.

Thu 2008-06-12 00:00 EDT

naked capitalism: Morgan Stanley, Dresdner, May Own £4 Billion Bank Underwriting Gone Sour

Bank Underwriting Gone Sour; Dresdner; Morgan Stanley; naked capitalism; £4.