Originally Posted By: the G-man
AIG Bailout Secrecy Could Mean Geithner Testifies: Lawmakers are preparing to investigate revelations that the Federal Reserve Bank of New York, led at the time by Timothy Geithner, pushed for greater secrecy on controversial bailout decisions.


http://news.yahoo.com/s/ap/20100114/ap_on_bi_ge/us_geithner_aig_probe
 Quote:
Treasury Secretary Timothy Geithner is set to testify before a House probe into his role in deals that sent billions of bailout dollars to Goldman Sachs Group Inc. and other big banks.

Staffers for the House Committee on Oversight and Government Reform say Geithner is confirmed to appear at a hearing Jan. 27 on the bailout of American International Group Inc.

The committee wants to know why the Federal Reserve Bank of New York paid banks to cancel their contracts with AIG and didn't demand concessions. The deals might have cost taxpayers billions more than necessary.

An earlier watchdog report said Geithner approved the decisions as president of the New York Fed.

The staffers spoke anonymously because they are not authorized to discuss Geithner's plans.

whomod said: I generally don't like it when people decide to play by the rules against people who don't play by the rules.
It tends to put you immediately at a disadvantage and IMO is a sign of true weakness.
This is true both in politics and on the internet."

Our Friendly Neighborhood Ray-man said: "no, the doctor's right. besides, he has seniority."