New York Fed subpoenaed over AIG bailout records
Rep. Edolphus Towns will subpoena the Federal Reserve Bank of New York for documents on the AIG bailout. The inquiry tracks bailout flows to banks including Goldman Sachs, Societe Generale, and Deutsche Bank and questions Geithner’s role while he led the New York Fed.
MENTIONED IN THIS ARTICLE
Washington, D.C
Federal Reserve Bank of New York
Treasury
Timothy Geithner
Edolphus Towns
D-N.y
New York Fed
American International Group Inc
Towns
House Oversight and Government Reform Committee
AIG
Goldman Sachs Group Inc
California
Darrell Issa
Issa
Federal Reserve
Fed
Special Inspector General
Geithner
Goldman
Societe Generale
Deutsche Bank
U S trade deficit widens to 36.4 billion in November
The Commerce Department reports the November U S trade deficit rose 9.7 percent to 36.4 billion, marking the widest gap in ten months. Exports gained 0.9 percent led by autos farm products and machinery while imports rose 2.6 percent, with petroleum up 7.3 percent.
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Washington
U.S
China
United States
China tightens bank lending with higher reserves and rates
Beijing ordered banks to raise reserve requirements by 0.5 percentage points to 15 percent and lifted one year bill rates as part of a policy to curb credit growth. The move aims to prevent inflation and asset bubbles while sustaining growth amid a rebound from the crisis driven by state bank lending.
MENTIONED IN THIS ARTICLE
Beijing
China
Jing Ulrich
China Equities
J.P. Morgan
Central Bank
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Newberry Hall
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ARMC
Edward J. Rapp
CNR Mit
Aiken Regional Medical
University Parkway
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Aiken Regional Medical Centers