Thursday, January 14, 2010

Geithner to Testify on AIG

Representative Elijah Cummings, a Maryland Democrat who sought Treasury Secretary Geithner’s testimony before a panel of the the House Oversight and Government Reform Committee, said in an interview with Bloomberg that the Treasury secretary has agreed to appear.

The panel is investigating why the Federal Reserve Bank of New York asked insurer American International Group Inc. to limit disclosures of the government’s financial rescue to investors. Geithner was president of the NY Fed at the time.

The panel’s chairman, New York Democrat Edolphus Towns, had tentatively set a Jan. 27hearing for Geithner

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