TITLE

House Oversight to Subpoena N.Y. Fed

AUTHOR(S)
Sloan, Steven
PUB. DATE
January 2010
SOURCE
American Banker;1/13/2010, Vol. 175 Issue 7, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. House Oversight and Government Reform Committee planned to issue a subpoena to the Federal Reserve Bank of New York requesting documents about payments that failed insurance company American International Group made to its counterparties. The panel's chairman Edolphus Towns said that the subpoena would provide the committee with documents that will reveal why public funds were used for a secret bailout.
ACCESSION #
47525869

 

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