MARK DeCAMBRE, PAUL THARP and JOHN AIDAN BYRNE
January 10, 2010
After a string of personal and political bungles by Treasury Secretary Tim Geithner, critics of the country’s top money man are wondering what it takes to lose your job in Washington DC.
[efoods]Geithner’s fielding a fresh round of criticism after e-mails surfaced last week that showed he forced insurance giant AIG to keep quiet about tens of billions of dollars in payments it made to several Wall Street banks — payment that represented full payouts funded by taxpayer cash that the banks otherwise wouldn’t have received.
The payouts were first revealed a year ago and were seen by many as a “back-door bailout” of Wall Street by Geithner. It was only learned last week that the Treasury chief moved to cover up the payouts.
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