Angry Lawmakers Want to Bring Tim Geithner to Justice


Despite the New York Fed and the White House's insistence that the New York Fed's decision to cover up the details of the $62 billion it orchestrated in payouts to financial institutions from an ailing AIG was not made by then–Fed President Tim Geithner — such decisions were below his pay grade, according to their statements — representatives for the House Financial Services Committee still want to see the Treasury Secretary in their offices, stat.

"After a year of hearings and investigations, it is past time for this Committee to hold Secretary Geithner accountable for his decisions that have affected the lives of millions of Americans," said Issa and fellow Republican Rep. Patrick McHenry said in a statement.

Clearly, whatever goes down here is going a lot uglier than when they chastised him for fudging his taxes. At least he will have someone to commiserate with about it: Geithner's old friends JPMorgan CEO Jamie Dimon and Goldman Sachs CEO Lloyd Blankfein are also being hauled to Washington for the first Financial Crisis Inquiry Commission (FCIC) hearings next week.

Lawmakers press for Geithner AIG testimony [Reuters]