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FOIAing The Fed: The AIG Bankruptcy Negotiations

By Implode-Explode Heavy Industries

"At this point HR 1207 is a reality in Congress, and hopefully it may even pass the Senate, before the President likely vetoes the bill. It did, after all, take many months of demands and ultimately, a subpoena, to reveal the Fed's e-mails regarding Ken Lewis. Yet in the face of a crony government, proactive readers can again take action into their own hands. Pursuing the Fox initiative one step further, now that the parameters of the AIG disclosure needed are available, Zero Hedge believes it is in the public's best interest that the Fed disclose all documents prepared by Marshall Huebner, by Davis Polk and by Morgan Stanley with regard to the discussion that led to the conclusion to bail AIG out instead of letting it fail in early February."

Full post as published by Mortgage Lender Implode-o-Meter on June 28, 2009 (boomark / email).