Blessings Tango,
Thanks for your contribution.
Here is an article that came UP while PA was DOWN and is one example of 'NOT TOO BIG TOO FAIL'.
Monday, June 29, 2009
EXCLUSIVE: AIG Apparently Was Not 'Too Big to Fail'
Peter Barnes, Senior Washington Correspondent
FOXBusiness
Despite their public comments that a failure of crippled insurance giant American International Group (AIG: 13.74, -2.5099, -15.45%) could sink global financial markets, U.S. government officials considered in late January and early February allowing AIG to file for bankruptcy, according to documents obtained by FOX Business.
The documents consist of emails about AIG between officials at the Treasury Department and the Federal Reserve, as well as with two attorneys from Davis Polk & Wardwell LLP retained by them, Marshall Huebner and Ethan James.
In an e-mail dated Jan. 29, Sarah Dahlgren, a senior vice president with the Federal Reserve Bank of New York, wrote a Treasury counselor, Stephen Albrecht: “Steve -- I didn’t see your name on the invite list and wanted to make sure that you knew that Marshall and Ethan were going to lead a discussion tomorrow on bankruptcy.”
“Yes, I’ll be on the call,” Albrecht responded, according to the document.
Read e-mails about AIG between the Treasury Department and Fed officials below.
Continues: http://www.campaignforliberty.com/wire.php?view=6141