TOP 10 RIGHT NOW
Read it at Economy Watch
Treasury Secretary Timothy Geithner took the easiest defense when asked by the House on Wednesday about efforts at the New York Fed to hide payments to AIG’s counterparties: He didn’t know. “I was not involved in discussion about, decisions about what to do with that particular transaction, the counter-parties or the details,” Geithner said, adding “In retrospect, I wish I had known, frankly.” When asked if he supported his colleagues’ decision to withhold the information, Geithner said, "It is very hard to put yourself in shoes you did not occupy. I do not feel like I can put myself in their shoes."