Congressman Darryl Issa has been on the warpath lately over the Fed’s September 2008 bailout of AIG.
In a letter to Congressman Edolphus Towns, chairman of the Committee on Oversight and Government Reform, Issa requests a subpoena based on information from an anonymous whistleblower:
According to the whistleblower, the documents reveal troubling details of Fed Chairman Ben Bernanke’s personal involvement in the decision to bail out AIG. These documents date to September 15, 2008 and are identified by the following electronic labels: sb-aig-01000092 to sb-aig-010000125 and “Draft Memo on AIG.pdf.”
Issa’s staff tried to get the documents, but the Fed never returned their calls.
The documents have not been released, although Bernanke responded in writing to some questions from Issa.
As Ken Silverstein of Harper’s notes, how bad must things be when Issa holds the moral high ground?