MARK DeCAMBRE, PAUL THARP and JOHN AIDAN BYRNE
January 10, 2010
After a string of personal and political bungles by Treasury Secretary Tim Geithner, critics of the country’s top money man are wondering what it takes to lose your job in Washington DC.
[efoods]Geithner’s fielding a fresh round of criticism after e-mails surfaced last week that showed he forced insurance giant AIG to keep quiet about tens of billions of dollars in payments it made to several Wall Street banks — payment that represented full payouts funded by taxpayer cash that the banks otherwise wouldn’t have received.
The payouts were first revealed a year ago and were seen by many as a “back-door bailout” of Wall Street by Geithner. It was only learned last week that the Treasury chief moved to cover up the payouts.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!