New York Fed wanted to get national security-level secrecy on AIG bailout documents before submitting it to the SEC.

Original Story

Officials at the New York Fed did not want AIG to submit a critical bailout-related document to the U.S. Securities and Exchange Commission without getting assurances from the regulatory agency that “special security procedures” would be used to handle the document. How special? The AIG’s bailout filing would be kept “in a special area where national security related files are kept.” The New York Fed has gone to great lengths to keep the terms of the bailout secret from the American tax payers whose hard-earned money is being funneled into this boondoggle.

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