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Loan Modification

: Mortgage Lender Implode-o-Meter

SEC may limit disclosure on AIG until 2018

By Implode-Explode Heavy Industries

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It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the Securities and Exchange Commission.

In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of billions of dollars to big banks like Societe Generale, Goldman Sachs, Deutsche Bank and Merrill Lynch.

Full post as published by Mortgage Lender Implode-o-Meter on January 13, 2010 (boomark / email).

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