"The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insure's payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show...

The New York Fed took over negotiations between AIG and the banks in November 2008...[and] decided that Goldman Sachs and more than a dozen banks would be fully repaid for $62.1 billion of the [credit default] swaps, prompting lawmakers to call the AIG rescue a 'backdoor bailout' of financial firms...

The New York Fed ordered the crippled insurer not to negotiate for discounts in settling the swaps. The decision to pay the banks in full may have cost AIG, and thus taxpayers, at least $13 billion, based on the discount the insurer was seeking...

Fed Vice Chairman Donald Kohn testified to Congress that disclosure of the counterparties [including Goldman Sachs] would harm AIG's ability to do business...

Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, said the e-mail exchanges were 'troubling' and that he supports holding congressional hearings to review them." -- Bloomberg News

This latest story merely confirms our earlier comments about the operations of the Park Avenue syndicate and their agents-in-place including Geithner, Bernanke, Kohn and Barney Frank.

UPDATE:: The SEC, which is supposed to safeguard the public interest and ensure "transparency", instead collaborated in the coverup of the transactions between AIG and Goldman Sachs.

UPDATE:: In a recent interview (Nov 2009), Goldman CEO Lloyd Blankfein recently had the chutzpah to claim that he was "doing God's work". Whose god, Mr. Blankfein?