CNBC Video: Steve Liesman & Larry Kudlow discuss Geithner, the Fed, and AIG -- January 7
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The clip improves when Mary Thompson finishes, near the 2-minute mark. Liesman and Kudlow want to know 'why the NY Fed sought to limit disclosure?"
The answer is obvious. They were completely aware of their actions; it was a stealth bailout of Wall Street and European banks by U.S. taxpayers, that asked for nothing in return. No preferred shares. No warrants. No equity or debt stake of any sort. Zip. Nada. You paid for it. And Friedman, Geithner, Blankfein and Paulson made the secret deal and wrote the check.
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