Bailout Watchdog Investigating Fed's AIG Secrecy

Bailout Watchdog Investigating Fed's AIG Secrecy

POSTED: Monday, January 25, 2010 - 5:25pm

UPDATED: Wednesday, February 17, 2010 - 2:26pm

WASHINGTON (AP) - A bailout watchdog is investigating whether
the Federal Reserve withheld documents about the bailout of
American International Group Inc.
House oversight committee staffers say the independent watchdog
also will accuse the Treasury Department of misleading the public
in response to questions about Secretary Timothy Geithner's role in
the bailout. They spoke on condition of anonymity because they
weren't authorized to discuss the investigation.
Lawmakers want more information about deals Geithner approved
that funneled billions of AIG bailout money to banks. Geithner was
president of the New York Federal Reserve Bank at the time.
Geithner and bailout watchdog Neil Barofsky are to testify to
the committee Wednesday. A Barofsky spokeswoman wouldn't comment.

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