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Loan Modification

: Mortgage Lender Implode-o-Meter

SEC Helped AIG Hide PassThru Bailouts to GS, others

By Implode-Explode Heavy Industries

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" The SEC, working hand in glove with AIG, agreed to keep bailout terms sealed, including information on the pass thru to counter parties such as Goldman Sachs at 100 cents on the dollar. This SEC granted ?confidential treatment? was agreed to last May, and a ?secrecy order? (WTF is that?) will stay in place until November 2018."

Full post as published by Mortgage Lender Implode-o-Meter on January 15, 2010 (boomark / email).

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