U.S. lawmaker presses NY Fed on AIG payment details


WASHINGTON (Reuters) - A U.S. lawmaker said on Sunday he is seeking more information from the New York Federal Reserve Bank about its controversial emails on insurer AIG's bailout, saying he was shocked that the disclosures were never brought to then-bank president Timothy Geithner's attention.

U.S. Rep. Darrell Issa, the California Republican who last week distributed email exchanges over AIG's decision not to disclose specific payments to banks in a Dec. 24, 2008 Securities and Exchange Commission filing, released a letter from the New York Fed responding to the controversy.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

North Korea conducts cruise missile warhead test on Friday, KCNA says
Feature: Sudanese fall back on primitive means to maintain livelihood amid war
Haiti's death toll rises as international support lags, UN report says
UN warns 800,000 people in Sudan city in 'extreme, immediate danger'
Spain's Ebro-EV Motors, China's Chery join hands to develop new cars
U.S. stocks close mixed
More Ghanaians fall in love with Chinese language
Crude futures settle higher
U.S. dollar ticks up
Man sets himself on fire in New York outside Trump criminal trial court

Others Also Read