AIG Bailout, Geithner Blasted Hard on Capitol Hill

How did the U.S. government pay $62 billion in taxpayer dollars to AIG's trading partners and then pressure the insurance giant not to disclose the details of the deal to the American public? No one in charge seems to have any idea. Treasury Secretary Tim Geithner, who led the New York Fed at the time, told the House Oversight and Government Reform Committee earlier today that he wasn't involved. Federal Reserve chairman Ben Bernanke said in a letter to the panel's ranking Republican Darrell...Full Story
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