BUSINESS

Geithner AIG Testimony: Treasury Secretary Says AIG Bailout Saved Economy, Not Individual Banks

03/28/2010 05:12 am ET | Updated May 25, 2011

Click here to read Geithner's testimony about the New York Fed's aid to AIG.

Treasury Secretary Timothy F. Geithner said the government rescued American International Group Inc. to prevent a "catastrophic" blow to the U.S. economy, not to save any of AIG's counterparties.

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