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Eliot Spitzer: The Real AIG Scandal

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We need to go back to the very first decision to bail out AIG, made, we are told, by then-Treasury Secretary Henry Paulson, then-New York Fed official Timothy Geithner, Goldman Sachs CEO Lloyd Blankfein, and Fed Chairman Ben Bernanke last fall. The AIG bailout has been a way to hide an enormous second round of cash to the same group that had received TARP money already.

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At www.slate.com

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