U.S. Treasury, or, Keystone Cops? How U.S. Treasury Officials will lose AIG Taxpayer Investment

September 21, 2011 – U.S. Treasury Department

Tim Geithner, Tim Massad & Matt Pendo (Three Musketeers) have completely turned a blind eye toward AIG and it’s inner workings, which for the last (3) years included massive civil fraud, and for the last (9) months, criminal fraud & securities fraud.

Treasury is suppose to be monitoring and protecting the U.S. Taxpayers huge investment in AIG [Taxpayers own about 77%], BUT, no one is watching the store. AIG has managed to generate enough liability to bankrupt itself, and they have no defense to upcoming class action litigation based on statutory damages.

R & L attempted to help protect the Taxpayers’ investment in AIG but we couldn’t find anyone smart enough to step in and help prevent the eventual bankruptcy of AIG, all because the Three Musketeers and their Lawyers didn’t want to pick-up the phone and call AIG’s CEO,  Bob Benmosche, to tell him to stop the fraud in an effort to avoid company busting litigation that AIG cannot win [$50,000,000,000.00 +].

The top people at Treasury and its Financial Stability Office should be fired. As soon as the dust settles on AIG’s upcoming loses, R & L will file a lawsuit on behalf of Taxpayers against AIG Executives, Lawyers, and Treasury Officials for their Malfeasance and Malpractice. Watching this unfold today was like watching an episode of the Keystone Cops. Treasury will probably want to give AIG Executives a raise.

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