Geithner:"I had no role' in an AIG cover up" - Pledges to stay as long as Obama wants-stories w/pics

[Kadie]

Geithner: 'I had no role' in an AIG cover up

By David Goldman, staff writerJanuary 27, 2010: 12:19 PM ET

NEW YORK (CNNMoney.com) -- Treasury Secretary Timothy Geithner told lawmakers Wednesday that he had no involvement in an apparent attempt by government regulators to withhold crucial information about AIG's bailout from the public.

"I had no role in making decisions regarding what to disclose," Geithner testified at a hearing held by the House Oversight Committee Wednesday.

snip...
At least two lawmakers weren't buying Geithner's denial.

"He has asserted complete ignorance of the Fed's efforts to cover up the bailout details," said Committee Ranking Member Darrell Issa, R-Calif. "Many Americans, including members of this Committee, have a hard time believing that Secretary Geithner entered an absolute cone of silence on the day that his nomination was announced."

Another Republican lawmaker, Rep. John Mica of Florida, also said he did not believe Geithner's testimony and called for his head.

"Why shouldn't we ask for your resignation?" Mica asked Geithner. "We're not getting the whole story, we're getting the blame story. You're either incompetent on the job or you knew what was taking place and you tried to conceal it, and I think that's grounds for your review."

more...
http://money.cnn.com/2010/01/27/news/companies/aig_hearing/index.htm?section=money_latest



Geithner pledges to stay at Treasury as long as Obama wants
46 mins ago

WASHINGTON (AFP) – US Treasury Secretary Timothy Geithner told lawmakers Wednesday he intends to remain at his post as long as President Barack Obama wants him.

Facing a grilling over his role in the 2008 bailout of insurance giant AIG, when he was head of the New York Federal Reserve, Geithner dismissed talk that he was on his way out.

"I have worked in public service all my live and have never been a politician," he told the House Government Oversight Committee, which is probing the AIG issue.

"I served my country as carefully and ably as I can. It's a privilege for me to work with this president to help repair the damage that was here when we took office. I will do so as long as he asks me to do so to the best of my ability and with great pride in this country and in him."

more...
http://news.yahoo.com/s/afp/20100127/ts_alt_afp/useconomypoliticsgeithner_20100127165158




U.S. Treasury Secretary Timothy Geithner testifies before the U.S. House Oversight and Government Reform Committee hearing on "Factors Affecting Efforts to Limit Payments to AIG Counterparties" on Capitol Hill in Washington, January 27, 2010.
REUTERS/Jose Luis Magana (UNITED STATES - Tags: POLITICS BUSINESS)


Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Wednesday, Jan. 27, 2010, before the House Oversight and Government Reform Committee hearing on AIG.
(AP Photo/Pablo Martinez Monsivais)


U.S. Treasury Secretary Timothy Geithner testifies before the U.S. House Oversight and Government Reform Committee hearing on "Factors Affecting Efforts to Limit Payments to AIG Counterparties" on Capitol Hill in Washington, January 27, 2010. REUTERS/Jose Luis Magana
(UNITED STATES - Tags: POLITICS BUSINESS IMAGES OF THE DAY)


Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Wednesday, Jan. 27, 2010, before the House Oversight and Government Reform Committee hearing on AIG.
(AP Photo/Pablo Martinez Monsivais)


U.S. Treasury Secretary Timothy Geithner testifies before the U.S. House Oversight and Government Reform Committee hearing on "Factors Affecting Efforts to Limit Payments to AIG Counterparties" on Capitol Hill in Washington, January 27, 2010.
REUTERS/Jose Luis Magana (UNITED STATES - Tags: POLITICS BUSINESS)

[notesdev]

1. He should have been arrested

right there on the stand

Perjury in front of Congress is a serious offense.

[tavalon]

3. That isn't the way this Congress rolls

It more rolls over like a dog and begs for belly rubs.

[notesdev]

5. I'm not sure about that

do they have 60 votes for the belly rub?

[tavalon]

6. That was laugh out loud funny

Thank you for the comedic retort!

[earthboundmisfit]

2. Isn;t overanimation one of those things you're supposed to look for

to detect LYING?

[democracy1st]

4. K & R hearing posted in video section

[bvar22]

7. Oh yes! Welcome to the Club Timmie.

*"I did not have sex with that woman".

*"I am not a crook."

*"I did not campaign on a Public Option."