The Star 29 January 2010

He is accused of incompetence for his role in AIG's bailout

LONDON: The US Treasury Secretary Timothy Geithner was accused of incompetence, obfuscation and of making " lame excuses" during a furious hearing on Capitol Hill over the government's contentious bailout of the sprawling insurer American International Group (AIG).

In an unusually ill - tempered confrontation members of Congress from both parties rounded on Geithner over a decision to use taxpayer's money to pay out the full USD 62 Billion owed by AIG to bank such as Goldman Sach,Merrill Lynch, Barclays and Royal Bank  of Scotland (RBS)

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