Now, we are getting somewhere!
"We are now trillions of taxpayer dollars into these financial bailouts and the government refuses to answer basic questions about the government's radically intrusive response to the financial crisis," said Judicial Watch President Tom Fitton. "The American people are tired of the Obama administration's stonewalling and they want answers. The Fed should obey Freedom of Information Act law and respond immediately."
With respect to the AIG bailout, Judicial Watch previously uncovered documents showing that the government did not expect taxpayers to recover their "investment" in AIG. For example, Judicial Watch uncovered a series of presentation slides detailing the terms of the AIG bailout. Included among the items is a slide entitled "Investment Considerations." On the slide the words, "The prospects of recovery of capital and a return on the equity investment to the taxpayer are highly speculative" are crossed out by hand.