House committee attacks Geithner over AIG 'cover-up'
US Treasury secretary Timothy Geithner fended off accusations of a cover-up yesterday, as members of the US House Committee on Oversight and Government Reform attacked efforts to keep secret the details of the New York Fed's bailout of failed insurer AIG.
Committee chairman Edolphus Towns pointed out the New York Fed – headed, at the time, by Geithner – had exerted pressure on AIG not to publish the names and amounts of counterparty payments made through the Maiden Lane III rescue vehicle – a
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