Today, we have the financial odd couple of current US Treasury Secretary Tim Geithner and former US Treasury Secretary Hank Paulson testifying in front of Congress on the AIG bailout. At 10:00 am, they will testify before the House Committee on Oversight and Government Reform and discuss in detail the steps the government took to rescue AIG and how the consequences of AIG failing at that time, in those circumstances, would have been catastrophic for our economy and for American families and businesses” according to the US Treasury.
The FT says that Republicans on the House oversight committee are accusing … …READ MORE
