Barney Frank: I Want Hearings On Geithner's Role In AIG

03/18/2010 05:12 am ET | Updated May 25, 2011
  • Alison Vekshin and Peter Cook BusinessWeek

Representative Barney Frank said the Federal Reserve Bank of New York's 2008 order to American International Group Inc. (AIG) to suppress disclosures of bank payments is "troubling" and he supports hearings on the issue.

Frank retains confidence in Treasury Secretary Timothy Geithner, who led the New York Fed at the time, he said today in a Bloomberg Television interview. The U.S. House last month passed legislation that would prevent the Fed from having the power to bail out companies such as AIG, he said.

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