Geithner Defends Fed Role in AIG Bailout Clash
Treasury Secretary Timothy Geithner faced sharp questioning by lawmakers over the 180 billion plus AIG rescue and his role in withholding or disclosing details of deals with banks. He insisted he was not involved in the disclosure decisions while claiming no involvement in the broader bailout strategy or information control.
MENTIONED IN THIS ARTICLE
Washington, D.C
Treasury
Timothy Geithner
American International Group
AIG
Barack Obama
New York Fed
Geithner
Anoth
Wall Street
Stephen Lynch
D-Mass
Congress
Marcy Kaptur
D-Ohio
December new home sales fall 7.6 percent in decline
December saw a 7.6 percent drop in new home sales to a 342000 annual rate, the weakest since March and signaling a fragile housing recovery. Builders warn of a possible slowdown without better March and April data, despite tax credits and improving buyer traffic.
MENTIONED IN THIS ARTICLE
Washington, D.C
John Wieland
Wieland
Commerce Department
Thomson Reuters
Jpmorgan
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