Legal Commentary

Cuomo Investigating AIG CDSs And Counterparty Payments

By Big Tent Democrat

Via TPM:

The Wall Street Journal reports (sub. req.) that [NY State AG Andrew] Cuomo plans to subpoena AIG for documents about the credit default swaps that brought the company to its knees.

See also NYTimes ("Members of Congress and the New York State attorney general demanded detailed information Thursday on how tens of billions of taxpayer dollars flowed through the American International Group during its crisis last fall and ended up in the coffers of several dozen big banks, shielding them from losses.") CNBC's Jim Cramer is expected to blast Cuomo for this, via NYTimes:

Speaking for me only

Full post as published by TalkLeft on March 27, 2009 (boomark / email).