Geithner, who was president of the Federal Reserve Bank of New York before taking over at Treasury, said he did not learn until March about the $1.75 billion in bonuses and other compensation promised to AIG employees. But Barofsky's report shows officials at the New York Fed learned of the payments in November, when Geithner was still at the bank.
In testimony before the House Committee on Oversight and Government Reform, Barofsky says: "This is a failure of communication and a failure of management."
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