Stearns grills former Secretary Paulson about Treasury Secretary Geithner
Stearns grills former Treasury Secretary Paulson during a hearing on “The Federal Bailout of AIG” held by the Committee on Oversight and Government Reform. Stearns, a critic of the bailouts, demanded greater accountability.
Watch the YouTube video:
http://www.youtube.com/watch?v=CijIoTyuBp8
REP. CLIFF STEARNS, R-Fla.: Here’s the problem that I think a lot of us are having. Mr. Geithner says he wasn’t involved with the counterparty negotiations. You’re saying you didn’t — you were — you were not involved. Oh, yes, you heard a little about it. But, on November 6, when they gave $62 billion to all these parties that came in and looted AIG, all you guys say, I knew nothing about it.
And, yet, it appears that this happened.
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