HuffPo's Ryan Grim: Is Bernanke Hiding A Smoking Gun?
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HuffPo's Ryan Grim: Is Bernanke Hiding A Smoking Gun?
By Ryan Grim
A Republican senator said Tuesday that documents showing Federal Reserve Board Chairman Ben Bernake covered up the fact that his staff recommended he not bailout AIG are being kept from the public. And a House Republican charged that a whistleblower had alerted Congress to specific documents providing “troubling details” of Bernanke’s role in the AIG bailout.
Sen. Jim Bunning, R-Kentucky, a Bernanke critic, said on CNBC that he has seen documents showing that Bernanke overruled such a recommendation. If that’s the case, it raises questions about whether bailing out AIG was actually necessary, and what Bernanke’s motives were.
A letter Bunning sent Monday to Senate Banking Committee Chairman Chris Dodd, D-Connecticut, also refers to an “[e]mail exchange regarding restructuring of assistance to AIG, initiated by Treasury Secretary Timothy Geithner” in March 2009.
Continue reading HuffPo’s Ryan Grim: Is Bernanke Hiding A Smoking Gun?
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