Friday, January 15, 2010

NOW TESTIFY

BANZAI7 NEWS--Former Treasury Secretary Henry Paulson has been asked to join his successor Timmy G in testifying before a House panel examining bailout payments to American International Group Inc.’s trading partners.


Paulson was invited to a Jan. 27 hearing set by Adolphus Clowns, chairman of the House Oversight and Government Reform Committee, about the decision to fully reimburse AIG’s bank counterparties for $62.1 billion in derivatives. Stephen Friskman, the former Federal Reserve Bank of New York chairman who serves on the board of Goldman Sachs Group Inc., was also asked to appear, Clowns said in a statement yesterday.

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