Geithner To Answer Critics On AIG Bailout

Treasury Secretary Timothy Geithner is on the hot seat again Wednesday before a House panel looking into the bailout of American International Group Inc.

He'll likely face fresh questions about transparency and his ties to the Wall Street banks he helped save, but he isn't expected to reveal much.

Lawmakers want to know why Geithner approved decisions that sent billions of dollars from the AIG bailout to big banks like Goldman Sachs. Officials from the Treasury Department and the Federal Reserve Bank of New York worked hard to keep the public from learning details about those deals and other AIG decisions.

Documents show the effort to hide information about AIG began with its first bailout in September 2008, when Geithner was president of the New York Fed.


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