Cuomo Letter Exposing Paulson's and Bernanke's (In)visible Hand In The Merrill Deal

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We really hope Mr. Bernanke is enjoying the current market rally. Actually Ben, before you invoke yet another bank examination privilege, this was rhetorical - it is directed more at Mr. Cuomo. Andrew - is it about time to investigate whether Mr. Bernanke told AIG to be a little loose with providing P&L to its counterparties? Or maybe why Goldman's principal program trading is effectively driving markets and whether Mr. Bernanke's blessing is also involved in some way? Inquiring minds want to know.

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AG To Release AIG Bonus Recipients' Names "Diligently, With Care, Reflection, And Sober Judgment"

ATTORNEY GENERAL CUOMO ANNOUNCES SIGNIFICANT DEVELOPMENT RELATED TO AIG

I have received the list of AIG FP employees who received retention payouts. Mr. Liddy testified in Congress yesterday that he intended to comply with our subpoena and expressed concern for employee safety. Mr. Liddy has in fact now complied with the subpoena. We are aware of the security concerns of AIG employees, and we will be sensitive to those issues by doing a risk assessment before releasing any individual’s name. The Attorney General's Office is a law enforcement agency and is experienced in making these assessments.

As we perform our review, we will simultaneously be working with AIG over the next few days to determine which employees received payments and which chose to return the money they received.

The Attorney General's Office will responsibly balance the public's right to know how their tax dollars are spent with individual security, privacy rights, and corporate prerogative.

At this moment, with emotions running high, it is important that we proceed diligently, with care, reflection, and sober judgment.

We thank AIG for their compliance.

Coupled with the punitive bonus tax bill just passed, which likely has a much wider provenance than merely AIG individuals in the way it is worded, and Bush's crackdown on terrorists is starting to look like a joke.

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