Timothy Geithner may face criminal charges VIDEO
Treasury Secretary Timothy Geithner has been subpoenaed again to testify at a hearing of the House Committee on Oversight and Government Affairs about the $182.3 billion bailout of American International Group Inc.(AIG).
Emails obtained by Rep. Darrell Issa (R-CA) indicate that then-president of the New York Federal Reserve Bank, Timothy Geithner, instructed AIG to withhold key details from the public about backdoor deals made to buy out derivative trading partners of AIG at 100 cents on the dollar.
“Deals,” mind you, that stuffed billions of extra taxpayer dollars into the pockets of government cronies at Goldman Sachs, Morgan Stanley, Deutsche Bank, and Société Générale among others.
So far he’s successfully dodged trouble, but it’s beginning to look like Geithner’s jig is up. The creditors’ committee representing what remains of Lehman Brothers have asked Judge James Peck to force Treasury Secretary Geithner to testify.
Pay extra attention around 3:24 in the video when he says:
Why in the world would our government, with our money, pay 100 cents on the dollar for stuff that ain’t worth the paper it’s printed on? Why? … I mean it’s clear the banks run the country, the country doesn’t run itself …
How true it is … Shep must have gotten an earful in his earpiece though, because he quickly talks over Judge Napolitano to add “kidding.”