"At the heart of the controversy is the fact that the government has never provided a plausible explanation for why the Federal Reserve Bank of New York, which had enormous leverage over banks like Goldman thanks to its role as their regulator, didn’t lean on them to accept less than 100 cents on the dollar in their payouts from A.I.G."
http://www.nytimes.com/2014/09/29/op...op-span-region
http://www.nytimes.com/2014/09/29/op...op-span-region
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