Topic: Federal Reserve Bank of New York
Lawmakers turn up heat on Geithner over AIG
Reuters US Online Report Business News
WASHINGTON (Reuters) - U.S. lawmakers challenged Treasury Secretary Timothy Geithner's credibility on Wednesday after he said he was not involved in a decision by bailed-out insurer AIG to withhold details about $62 billion paid to banks. Geithner held his ground at a hearing, however, insisting the government-funded rescue which ...
Geithner draws fire defending Fed on AIG bailout
AP News
Geithner runs into heavy fire from both parties on his role in AIG bailoutDemocrats and Republicans alike pummeled Treasury Secretary Timothy Geithner on Wednesday over his role in the $180 billion bailout of insurance giant AIG Inc., venting public anger over Wall Street's return to prosperity while unemployment stands ...
NY Fed supported AIG secrecy to preserve assets
Reuters US Online Report Business News
WASHINGTON (Reuters) - The New York Federal Reserve Bank "actively supported" insurer American International Group's <AIG.N> regulatory requests to keep its bank counterparties confidential but did not pressure the bailed-out firm for secrecy, the bank's top lawyer said on Tuesday. In prepared testimony for a much-anticipated ...
AIG hearing to include Paulson, Friedman testimony
Reuters US Online Report Business News
WASHINGTON (Reuters) - Former U.S. Treasury Secretary Henry Paulson and ex-New York Fed Chairman Stephen Friedman will testify at a congressional hearing on bailed-out insurer AIG's payments to banks, a committee aide said on Tuesday. Jenny Thalheimer Rosenberg, a spokeswoman for the U.S. House of Representatives Oversight and ...
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