By Hugh Son
Timothy Geithner was asked to testify before Congress about the Federal Reserve Bank of New York’s efforts to limit American International Group Inc.’s disclosures of bailout payments to banks as President Barack Obama defended the Treasury secretary through a spokesman.
Geithner, 48, was invited to appear before the House Oversight and Government Reform Committee at a hearing that will probably occur the week of Jan. 18, according to a statement from Chairman Edolphus Towns, a New York Democrat. E-mails obtained by Congress include New York Fed requests in 2008, when Geithner led the regulator, that AIG withhold documents from public filings about payments to banks to retire credit-default swaps, Bloomberg News reported yesterday.
Continue reading Geithner Asked to Testify on AIG E-Mails by Towns