Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Paulson to testify Wednesday on AIG payments and possible coverup by N.Y. Fed

Former Treasury secretary Hank Paulson is a late add to the lineup at Wednesday's big Hill hearing on AIG and whether the New York Fed covered up government payments to the struggling insurance giant's counter-parties.

The session, before the oversight committee, will still focus on a grilling of current Treasury Secretary Tim Geithner who, at the time of the possible coverup, was head of the New York Fed. However, because Geithner had at that point been nominated to be Treasury secretary, he had recused himself from New York Fed duties.

Still, he's going to get whipped by the members of Congress, seems sure.

For me, the surprise get is Paulson, who had been invited to testify but, it looked like, would not. Now, he's scheduled to be on the committee's second panel, following a sure-to-be-bloodied Geithner.

This makes a juicy hearing even juicier. (Is that the geekiest Washington thing to say? Probably.)

Follow me on Twitter at @theticker

By Frank Ahrens  |  January 26, 2010; 12:01 PM ET
Categories:  The Ticker  | Tags: AIG, Hank Paulson, Oversight committee, Tim Geithner  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Watch me talking about the economy on Fox 5
Next: Stocks rebound, rally on consumer confidence data

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company