Via The Hill, Treasury Secretary Timothy Geithner will appear before the House Oversight and Government Reform Committee later this month to testify on his role surrounding the $62 billion funneled through the AIG bailout to other Wall Street firms — payments that officials at the New York Federal More…
Here’s the letter from Rep. Edolphus Towns (D-N.Y.), chairman of the House Oversight and Government Reform Committee, asking Treasury Secretary Tim Geithner to testify later this month on the more than $60 billion filtered to Goldman Sachs and other Wall Street giants as part of the AIG bailout. Bloomberg News More…
Rep. Edolphus Towns, chairman of the House Oversight and Government Reform Committee, will subpoena the New York Federal Reserve for documents related to the AIG bailout, the New York Democrat announced today.
The New York Fed has been under close scrutiny since last week, when it was revealed More…
Here’s the New York Fed telling Bloomberg News yesterday that the agency didn’t force the 2008 decision to delay disclosure of AIG payments to other Wall Street firms using taxpayer money.
“Our position has always been that if AIG’s securities lawyers determine that AIG is legally obligated
Here’s White House spokesman Robert Gibbs, responding today to questions about Tim Geithner’s role in the New York Fed’s 2008 decision to censor AIG payments to other Wall Street firms:
Secretary Geithner was not involved in any of these e-mails. These decisions did not rise to his level
Rep. Edolphus Towns (D-N.Y.), chairman of the House Oversight and Government Reform Committee, has invited Treasury Secretary Tim Geithner to testify on his role in the New York Fed’s 2008 decision to hide massive AIG payments to other Wall Street firms.
“More than one year after More…
Yesterday, it was revealed that officials at the New York Federal Reserve — then headed by now-Treasury Secretary Tim Geithner — asked AIG to keep quiet about tens of billions of dollars the insurance giant made to other Wall Street firms after AIG had received $85 billion in More…
For Tim Geithner, it’s been a difficult week.
“Conservatives agree that as point person, you failed,” Rep. Kevin Brady (R-Texas) told the Treasury secretary yesterday during a hearing of the Joint Economic Committee. “Liberals are growing in that consensus as well. Poll after poll shows that the American public has More…
Treasury Secretary Tim Geithner got an earful last week from House Democrats wary of the White House proposal to pay for government rescues of Wall Street firms by taxing healthy competitors only after Washington steps in. The critics want companies to pre-pay instead into a kind of sitting More…
It’s no mystery that Treasury Secretary Tim Geithner is the ultimate Wall Street insider. But it seems that more and more Democrats are losing their patience with what they perceive as his protectionism of the finance industry at the expense of consumers and taxpayers. The latest More…
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