AIG Bailout a Matter of National Security?

UPDATE: Geithner Spoke to Buffet, Blankfein on the Morning of AIG Bailout

The Federal Reserve will apparently go to any length to conceal their actions from the public. After the inconvenient disclosure of emails from the New York Fed encouraging AIG to conceal the terms of the backdoor bailout of 13 major banks, it has been revealed that the New York Fed also instructed the SEC to have the documents sealed and classified under the protection of matters of national security.

The SEC capitulated and sealed the redacted portions of the documents (containing identifying CUSIP numbers and face values of the CDS within) until November of 2018 -- ten years after the crisis. To their credit, the SEC at least insisted that AIG identify the beneficiaries of the handout before they agreed to seal the more salient info.

"The New York Fed was orchestrating what can only be characterized as an extreme effort to ensure that details of the counterparty deal stayed secret," Rep. Darrell Issa from California, the ranking Republican on the House Oversight Committee, said through a spokesman. "More and more it looks as if they would've kept the details of the deal secret indefinitely, if they could have."

The emails recently released also detailed plans to thwart Freedom of Information Act requests on the behalf of media outlets by having the damning evidence classified as a matter of national security.