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A.I.G. Uproar Is a Defining Moment for Geithner

New York Times - Mar 19, 2009

All three of President Obama’s top economic advisers were on message when they appeared Sunday on separate television talk shows. Treasury Secretary Timothy F. Geithner, they said, had concluded, based on lawyers’ advice, that he could not stop the $165 million in bonuses that the American International Group was even then doling out to hundreds of employees.

But when Mr. Geithner and other officials met at the White House that night, the president’s political advisers — who had agreed to the day’s message — decided the growing outcry left Mr. Obama no choice but to publicly second-guess his Treasury secretary.

Read Full Article from New York Times

- Posted: 2009-03-19 08:37:24


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