vernmckinley

In your article today you said Paulson, Geithner say Bear Stearns rescue was necessary “because the firm was so interconnected with the rest of the system.” What documented evidence have you seen for this interconnectedness? I have sued the Board of Governors under FOIA to secure precise details and they provided no specifics (only redacted documents = http://www.scribd.com/doc/20567367/Board-of-Governors-Response-30-Sept-2009). Should we take the Fed’s word for it?

I have read the FCIC report, but it did not provide any such details. So you cannot cite any particular interconnections?