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Politics : Politics for Pros- moderated

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To: KLP who wrote (297931)	3/24/2009 10:24:45 PM
From: steve harris	Read Replies (1) of 793927

Treasury Secretary Timothy F. Geithner is set to argue for the new powers at a hearing today on Capitol Hill about the furor over bonuses paid to executives at American International Group, which the government has propped up with about $180 billion in federal aid. Administration officials have said that the proposed authority would have allowed them to seize AIG last fall and wind down its operations at less cost to taxpayers. Odd how the treasury secretary wants more power to ensure the AIG bonuses he approved of will not happen again.... But maybe it's just me....

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