Video: SIG TARP Barofsky Blames Geithner For AIG Bonus Rip-Off
Oct 15, 2009 at 1:04 PM
DailyBail in AIG, TARP, TARP investigation, aig, bank bonus, barofsky, bonus, congress, congressional hearings, congressional video, geithner, neil barofsky, tarp, treasury, video

We said it in April and we'll say it again, Treasury Secretary Tim Geithner lied under oath when he told Congress he knew nothing about the $168 million in retention bonuses that were paid to AIG employees this Spring.  Senator Dodd has said that 6 weeks prior to the date Geithner claims he first heard of these bonuses, that senior Treasury officials were not only aware but they also lobbied him to introduce an amendment that would allow these payouts to occur.

SIG TARP Neil Barofsky testified before the House Oversight Committee yesterday and came to a different conclusion.  His report blames lack of concern and communication within Treasury.  Essentially he accepts Geithner's excuse that no other Treasury or Fed officials informed him until just days before the payments were to be made.  Still his report blames Geithner and Treasury for the mistakes and lack of oversight.  And I would imagine that privately Barofsky would concede that it's simply not plausible to believe that Geithner was also not aware of these payouts.

We've got the 3 best clips from Barofsky's testimony yesterday and some choice quotes.

Watch  (Videos are below...Don't click unless you are coming from email.)

From the WSJ:

Below are three clips from Barofsky's testimony yesterday.

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