Defaulting banks - where will it stop?

[Peter Lemkin]

Hmmm - a rare moment of insight from a politician.

My emphasis:

New York Attorney General Andrew Cuomo subpoened American International Group Inc.’s credit- default swap data to see whether its customers including Goldman Sachs Group Inc., Societe Generale SA and Deutsche Bank AG were improperly compensated with taxpayer dollars.

“Our investigation into corporate bonuses has led us to an investigation of the credit-default swap contracts at AIG,” Cuomo said in a statement. “CDS contracts were at the heart of AIG’s meltdown. The question is whether the contracts are being wound down properly and efficiently or whether they have become a vehicle for funneling billions in taxpayer dollars to capitalize banks all over the world.”

http://www.bloomberg.com/apps/news?pid=2...refer=home

Cuomo had better trap it soon, or They'll tell MSM that he's using Spitzer's callgirls...

:2in1:

Right, One can expect, even I'd predict, he will shortly be involved in a scandal or have an accident....either, manufactured [and insured by AIG].