Geithner and Bernanke Testimony on AIG Bonuses

Secretary Geithner and Federal Reserve Chairman Bernanke testifed about a proposed regulations allowing the federal government to purchase… read more

Secretary Geithner and Federal Reserve Chairman Bernanke testifed about a proposed regulations allowing the federal government to purchase “toxic” financial assets through a public-private venture and expanding the federal government’s authority to seize both banks and other financial institutions. They spoke about bonuses paid to American International Group (AIG) and oversight of federal investments in the private financial sector. In their answers to questions from the committee they said that while they were vaguely aware of provisions to pay bonuses, they were not fully aware that some bonuses were destined for employees in the financial products division. They also said that they would explore legal avenues to recoup the bonuses, but cautioned against overreacting too aggressively. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Geithner and Bernanke Testimony on AIG Bonuses

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Program ID:
284797-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Mar 24, 2009
Last Aired:
Mar 27, 2009

Airing Details

  • Mar 24, 2009 | 10:00am EDT | C-SPAN 1
  • Mar 24, 2009 | 10:00am EDT | C-SPAN 3
  • Mar 24, 2009 | 11:22am EDT | C-SPAN 1
  • Mar 24, 2009 | 12:24pm EDT | C-SPAN 2
  • Mar 24, 2009 | 7:00pm EDT | C-SPAN 3
  • Mar 24, 2009 | 11:16pm EDT | C-SPAN 1
  • Mar 25, 2009 | 2:53am EDT | C-SPAN 2
  • Mar 25, 2009 | 3:35am EDT | C-SPAN 1
  • Mar 27, 2009 | 3:04pm EDT | C-SPAN 2
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