WTF: SEC SEALS AIG Bailout Details 'Til 2018

[snot]

From http://www.reuters.com/article/idUSN1116982020100111 :

"It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group (AIG.N) because of an action taken last year by the Securities and Exchange Commission.

"In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of billions of dollars to big banks like Societe Generale, Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Merrill Lynch.

"The SEC’s Division of Corporation Finance, in granting AIG’s request for confidential treatment, said the “excluded information” will not be made public until Nov. 25, 2018, according to a copy of the agency’s May 22 order.

"The SEC said the insurer had demonstrated the information in the exhibit, called Schedule A, “qualifies as confidential commercial or financial information.”

More at the link.

[ddeclue]

1. ARGH!!!

:nuke:

[laughingliberal]

2. Lemme guess. The information is sealed til the statute of limitations has run out. nt

[snot]

3. Good guess!

[leftstreet]

4. K&R

[midnight]

5. Maybe we should put this to vote..... You know how they let measures on the

ballot like letting people decide if gays can get married?

[dixiegrrrrl]

6. As if we had ANY doubt whoruns the country.....

that is pretty telling, isn't it?