Remember that story yesterday, about how then NY Fed Chair Tim Geithner and his staff maybe instructed AIG to keep its payments to banks hush-hush, as backed up by emails? Never happened, says New York Fed’s general counsel. He has no idea what any of you are talking about. In fact, he’s never even heard of this Tim Geithner guy. What’s he like?
“Matters of AIG securities law disclosure were not brought to the attention of the president of the Federal Reserve Bank of New York,” Thomas Baxter, the New York Fed’s general counsel, said in a statement.
The U.S. Treasury and White House also have said Geithner was not involved in any e-mailed discussions between New York Fed and AIG lawyers over disclosures of the insurer’s payments to banks.