NU Online News Service, Jan. 8, 12:47 p.m. EST
WASHINGTON–The head of a House committee announced he will hold a hearing to probe allegations that Federal Reserve Bank of New York officials told American International Group not to disclose information about bailout arrangements allowing them to pay their trading partners in full..
Rep. Edolphus Towns, D-New York, chairman of the House Oversight and Government Reform Committee said the panel will invite testimony at the Jan. 18 proceedings from Treasury Secretary Timothy Geithner who headed the Fed in 2008 when e-mails on the issue were exchanged.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
