U.S. Probe of AIG Payouts Intensifies


The questions about "who knew what when" during the government bailout of AIG (AIG) have gone back and forth for weeks. Treasury Secretary Geithner has been accused of knowing the details of disclosures regarding how and why AIG made good on 100% of its obligations to counterparties for which it guaranteed the value of mortgage-backed securities. Geithner, who was the head of the New York Fed at the time, has denied knowing intimate details of the disclosure decisions.