Summary
WASHINGTON - Republicans in both houses called Thursday for hearings to investigate revelations that the Federal Reserve Bank of New York, led at the time by Treasury Secretary Timothy Geithner, pushed for greater secrecy on controversial bailout deals.
E-mails between lawyers for the New York Fed and bailed-out insurance conglomerate American International Group Inc. show AIG wanted to disclose some details about billions in payments it made to banks to cancel financial deals.See the full content of this document
Extract
Gop Wants Hearings On Fed's Call for Aig Secrecy
But lawyers for the New York Fed, which engineered AIG's bailout with the Bush administration's Treasury Department, told AIG to remove the information from a draft.
The e-mail exchanges...See the full content of this document
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