House Financial Services Committee Chairman Barney Frank (D-MA) today announced the committee will hold a second hearing to more thoroughly examine the oversight of the federal governments intervention at the American International Group (AIG).
The Capital Markets Subcommittee has led the efforts to examine the governments intervention at AIG, said Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises. Because the Treasury Department and the Federal Reserve were unable to testify at our first Capital Markets hearing this week, I have worked with Financial Services Committee Chairman Barney Frank (D-MA) to convene a second hearing on AIG next week. I am pleased that on Tuesday afternoon, Treasury Secretary Geithner and Federal Reserve Chairman Bernanke will have the opportunity to explain directly and publicly the actions they have taken to rescue AIG from collapse and monitor the companys performance since then. They have much to clarify for the American public. I look forward to their appearances.view original article