Obama Misstates The Aig Facts

Written by FF Washington Insider on Wednesday March 18, 2009

President Obama said today: "Tim Geithner didn't draft these contracts with AIG." (You can view the clip here.)

Maybe not. But the NY Fed was the opposite party to them. NY Fed chief at the time? Tim Geithner. If Geithner didn't draft the contracts, he did approve them. Read for yourself on the SEC website, here and here.