Tags: US | Geithner | AIG | Hot | Seat

Geithner Called to Explain AIG Bailout Secrecy

Friday, 08 Jan 2010 01:55 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

A House committee is planning to grill Treasury Secretary Timothy Geithner about his role in the massive bailout of failed insurer American International Group Inc.

The House Oversight Committee is responding to news that key details about AIG's bailout were suppressed by the Federal Reserve Bank of New York while Geithner was its president.

A growing chorus of lawmakers says Geithner must explain his involvement in deals that diverted billions from AIG's bailout to Goldman Sachs and other big banks.

New York Democrat and committee Chairman Edolphus Towns says the hearing will examine the rise and fall of AIG and its business partners.

The New York Fed and Treasury say Geithner was not made aware of the e-mails that pushed for more secrecy.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Daily Caller's Matt Lewis: Rand Paul's Had to 'Evolve and Adapt'

Wednesday, 17 Sep 2014 20:11 PM

Sen. Rand Paul has evolved his political ideology over the past year to keep up with fast-changing world events, even th . . .

Benghazi Probe Looks Set to Go Deep in 2016 Race

Wednesday, 17 Sep 2014 19:45 PM

The Republican chairman of a special House panel on Benghazi charted a course Wednesday for his investigation to stretch . . .

Quinnipiac: GOP's Joni Ernst Pulls Ahead in Iowa Senate Race

Wednesday, 17 Sep 2014 19:07 PM

Quinnipiac University handed Iowans a surprise today with the release of a poll showing that Republican state Sen. Joni  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved