Citing national security concerns, the Federal Reserve Bank of New York pressured American International Group to withhold data about bailout payments passed along to counterparties, according to a report by Reuters.
E-mails obtained by Reuters indicate that both New York-based AIG and officials at the New York Federal Reserve's sought to keep details about the bailout secret. Last week, Federal Reserve Bank of New York President William Dudley issued a statement refuting charges that the dealings between the regulators and AIG were inappropriate.
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