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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  • by US citizen for now Location: Washington on Jan 27, 2010 at 02:15 PM
    Geithner needs to return millions that were unaccounted for and should be held completely responsible for mishandling our tax dollars. He should be thrown in prison for allowing AIG workers to get multi millions in bonuses. Bonuses given when the company was in the Red???????? Back to my first statement.
  • by Back Location: Greenville on Jan 27, 2010 at 06:21 AM
    And the PROOF continues to mount against the obamanation and his staff. i think obama is going for a record. That being the WORST president the country has ever elected. Arrogant POS.

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