Geithner is in the hot seat because of a potential cover up of a backdoor bailout of Goldman and others by the NY Fed. Will Obama back away from Geithner? Is Bernanke’s reappointment in danger?
The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.
