http://biggovernment.com/fgaffney/2010/02/10/federal-reserve-bank-of-new-york-subpoenaed-in-aig-fraud-case/
It's time to pay attention kids, our country deserves the truth
Here’s the latest in the question of the New York Fed, Treasury Secretary Tim Geithner and the AIG bailout, as we’ve covered here at Big Government before (here and here). Last year, Iraq war vet Kevin Murray brought a lawsuit against the Treasury Department and Ben Bernanke (Murray vs. Geithner, et al) for its acquisition of AIG– a scheme that made the US taxpayer the world’s largest provider of Shariah-compliant insurance products. Lawyers David Yerushalmi and The Thomas More Law Center’s Robert Muise found, in the course of discovery, that that was just the tip of the iceberg.
AIG, NYFED
Yerushalmi and Muise quickly realized that, in acquiring 77.9% of AIG, the New York Fed may have set up an illegal trust, with the knowledge that what they were to do was illegal. Tuesday, Murray’s attorneys issued a subpoena for the Federal Reserve Bank of New York.
Here’s the latest update from David Yerushalmi:
Now that the court has allowed us to amend the complaint to add additional bad acts by the government (done and filed today) and at the same time rejected the government’s efforts to stay discovery and to end run to the Sixth Circuit Court of Appeals, and while we await the court’s ruling on our motion to force Secretary Geithner to sit for a 3-hr deposition, we have today sent out for service the following Subpoena for the Federal Reserve Bank of New York.
This deposition will effectively allow us to learn the government’s rationale (however lame) of the How and Why of the invalid and illegal trust used to gain control over AIG.
We are expecting a battle over this one because the real skeletons of this deal are here at the NY Fed where at the time (Sept-Dec 08) Secretary Geithner served as the president and de facto Treasury Secretary, having been tapped by Obama as the new administration awaited the inauguration in Jan 2010. To understand this, read through the attachments (Notice of Service of Subpoena Commanding Deposition Testimony and the Production of Documents, Electronically Stored Information, or Tangible Things) at the substantive information we are seeking. The rest, as they say, is just commentary.
In the meantime, America awaits a ruling on whether Treasury Secretary Geithner will have to tell “the truth, the whole truth and nothing but the truth” in a three-hour deposition.
Here are the questions from the subpoena:
