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By N2H

Geithner AIG Testimony: Treasury Secretary Says AIG Bailout Saved Economy, Not Individual Banks

Posted by on Jan 27th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed. Email This Post

Click here to read Geithner’s testimony about the New York Fed’s aid to AIG.

Treasury Secretary Timothy F. Geithner said the government rescued American International Group Inc. to prevent a “catastrophic” blow to the U.S. economy, not to save any of AIG’s counterparties.

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