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Loan Modification

: Mortgage Lender Implode-o-Meter

Alan Grayson Asks Bernanke for Answers in Latest Retrade of AIG Deal

By Implode-Explode Heavy Industries

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``As the New York Fed owns most of AIG, this deal could be considered a faked sale to generate a capital loss for the purposes of injecting Treasury funds into AIG without the consent of Congress. Please explain the legality of the arrangement.''

Full post as published by Mortgage Lender Implode-o-Meter on December 08, 2009 (boomark / email).

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