Treasury Secretary Timothy Geithner Agrees to Testify On AIG/NY Fed Disclosures

After rising controversy concerning the possibility that the New York Fed asked AIG to limit its disclosure concerning its involvement in the financial bailout, Treasury Secretary Timothy Geithner has agreed to appear before the House Oversight and Government reform Committee sometime this month. Secretary Geithner was the chair of the New York Fed until late 2008.

Timothy Geithner

Email Exchanges

The investigation into the conversations between the NY Fed and AIG are mostly concerned with emails passed between the two organizations back in 2008, when AIG provided contracts to some of the bailed out banks. Allegedly lawyers from the Fed asked AIG to not disclose payments to parties such as Goldman Sachs, and the house committee is curious as to why.

Although Geithner was the current head of the Fed at the time, sources close to the current Secretary say that he was not involved in the conversations because he had recused himself from dealings with AIG after being designated for the Treasury post in November, before President Obama took office.

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[BakersBoyz]

Treasury Secretary Timothy Geithner Agrees to Testify On AIG/NY Fed Disclosures

[giggleman]

AIg owes me lots of money.. So glad to see this!!

[BakersBoyz]

we are ramping this up again ..

[WolfLikeLamb]

It's not Schwarzenegger's fault.

He does what he's told to do.

[BakersBoyz]

It's not Hitler's fault, he was just doing what he was told ...

[WolfLikeLamb]

well, looking in that perspective it's true.

He was a front man.

People need to stop attacking the front man, and start going after the men behind.

[BakersBoyz]

should he go to the gallows ?

[pig5689]

Ed Liddy is an incompetent liar. AIG is a corrupt business that sacrifies innocent families for fun & profit. The execs are stupid & greedy ( & loathsome) sucks who play the stupid, snobish game of golf & laugh at the poor suckers they've destroyed. Hopefully soon they will be forced to give up all their ill-gotten assets including their whore-bonuses & slut-salaries & then spend some time in the gutter. THESE ARE DISGUSTING MEN WHO ACT LIKE BITCH DOGS IN HEAT WITH SHIT DRYING ON THEIR RUMPS!

[starlight1946]

Dennis Kucinich is my hero.

[euro944t]

Let's throw a party for Lucky Larry Silverstein, he was just a front man.

Bring the bagels.

Mazel Tov

[euro944t]

Arnold make a good Nazi citizen then

[WolfLikeLamb]

well, you're right doing that...but big corporations don't give a fuck about this kind of rules.

at least most, it's pretty obvious;