The special inspector general found that the New York Fed, then under the leadership of current Treasury Secretary Timothy Geithner, badly botched the bailout of AIG. Its mishandling likely cost taxpayers tens of billions of dollars to the benefit of folks like Goldman Sachs.
This story belonged on the front page. The NYT and WSJ both put in the front page, while Market Place radio made it the lead story. It got page 24 coverage in the Post. The Post is very concerned that increased Congressional oversight will interfere with the Fed's independence.
[Correction: I have been told that this was a page C1 article in the WSJ, not A1.]
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