NU Online News Service, Oct. 26, 3:28 p.m. EST
WASHINGTON—A new Government Accountability Office report about the federal rescue of American International Group shows there was vigorous debate about whether the Federal Reserve should provide assistance to the insurer, and what the state-level and international implications would have been should the government not act.
The report says proposals to bail out AIG were first strongly opposed by Timothy Geithner, now Treasury secretary. He was president of the Federal Reserve Bank of New York.
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