Geithner Defends AIG Bailout, Denies Role in Any ‘Coverup’

cnbc.com

“But lawmakers clearly remained unhappy and, as the hearing opened, committee Chairman Edolphus Towns, a New York Democrat, vividly described why the AIG bailout made taxpayers see red.

“In effect, the taxpayers were propping up the hollow shell of AIG by stuffing it with money, and the rest of Wall Street came by and looted the corpse,” Towns said.”