AIG Probe Widens to Include Paulson, Friedman

[cal04]

Filed at 5:42 p.m. ET
http://www.nytimes.com/aponline/2010/01/15/business/AP-US-AIG-Probe-Paulson.html?_r=1

A House committee is broadening its probe of secretive bank bailouts to include former Treasury Secretary Henry Paulson and former Federal Reserve Bank of New York Chairman Stephen Friedman.

The Committee on Oversight and Government Reform has invited Paulson and Friedman to testify about their roles in the bailout of American International Group Inc., according to Chairman Edolphus Towns, D-N.Y.

Lawmakers want to know more about deals that funneled billions from AIG to banks including Goldman Sachs Group Inc. Friedman is a Goldman director and resigned from the New York Fed after concerns he had conflicts of interest.

An earlier watchdog report said the bailouts might have cost taxpayers billions more than necessary because officials did not demand concessions from the banks. The money went to satisfy massive financial obligations that AIG was unable to meet without a government rescue.



House probe of AIG bailout widens to include Paulson, Friedman; GOP wants Bernanke affidavit
AIG Probe Widens to Include Paulson, Friedman
http://abcnews.go.com/Business/wireStory?id=9574782

[gateley]

1. As well it should. I like this! nt

[no_hypocrisy]

2. ^5!

[earthboundmisfit]

3. Committee members - House Committee on Oversight and Government Reform

Democrats:
* Chairman, Edolphus Towns, New York
* Rep. Paul E. Kanjorski, Pennsylvania
* Rep. Carolyn B. Maloney, New York
* Rep. Elijah E. Cummings, Maryland
* Rep. Dennis J. Kucinich, Ohio
* Rep. John F. Tierney, Massachusetts
* Rep. Wm. Lacy Clay, Missouri
* Rep. Diane E. Watson, California
* Rep. Stephen F. Lynch, Massachusetts
* Rep. Jim Cooper, Tennessee
* Rep. Gerald E. Connolly, Virginia
* Rep. Mike Quigley, Illinois
* Rep. Marcy Kaptur, Ohio
* Rep. Eleanor Holmes Norton, District of Columbia
* Rep. Patrick Kennedy, Rhode Island
* Rep. Danny Davis, Illinois
* Rep. Chris Van Hollen, Maryland
* Rep. Henry Cuellar, Texas
* Rep. Paul W. Hodes, New Hampshire
* Rep. Christopher S. Murphy, Connecticut
* Rep. Peter Welch, Vermont
* Rep. Bill Foster, Illinois
* Rep. Jackie Speier, California
* Rep. Steve Driehaus, Ohio
* Rep. Judy Chu, California


Republicans:
* Rep. Darrell Issa, California, Ranking Minority Member
* Rep. Dan Burton, Indiana
* Rep. John L. Mica, Florida
* Rep. Mark E. Souder, Indiana
* Rep. John J. Duncan, Jr., Tennessee
* Rep. Michael Turner, Ohio
* Rep. Lynn A. Westmoreland, Georgia
* Rep. Patrick T. McHenry, North Carolina
* Rep. Brian Bilbray, California
* Rep. Jim Jordan, Ohio
* Rep. Jeff Flake, Arizona
* Rep. Jeff Fortenberry, Nebraska
* Rep. Jason Chaffetz, Utah
* Rep. Aaron Schock, Illinois
* Rep. Blaine Luetkemeyer, Missouri
* Rep. Anh "Joseph" Cao, Louisiana