If the existing known history of AIG wasn't troubling enough, now there's this. The Geithner-watch is going to heat up quickly if his testimony stumbles on this or other reports related to AIG. People really want to get to the bottom on the AIG bailout and the easy treatment of AIG as well as the rest of Wall Street. Reuters:
The latest emails show a proposed letter to the SEC requesting the withdrawal of the confidential treatment request around March 10, 2009, after some information on payments was reported by media, but the letter was never sent to the SEC.
Instead of withdrawing the confidentiality request, the emails show further exchanges between New York Fed and AIG lawyers, that led to the insurer days later submitting a new confidentiality request. A draft of the request shows AIG asked the SEC to keep secret details about specific securities, their notional values, collateral posted against them and mark-downs in their market values.
