Fed to Provide Disclosure on AIG to GAO – What About the Congress?

WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) released the following statement today regarding a letter sent to the Government Accountability Office (GAO) by the Chairman of the Federal Reserve Ben Bernanke in which he welcomes “a full review by the GAO of all aspects of our involvement in the extension of credit to AIG…”

“If Chairman Bernanke is willing to give full disclosure to the GAO, I would think he would be just as willing to provide that same level of disclosure to the Congress and to our committee.  I have asked repeatedly that documents from both the Treasury and the Fed be provided to the Oversight Committee so that we can gain a full picture of what really happened, who knew what and how is it that the American people were kept in the dark for so long?  If the Fed is as vested in oversight and transparency as they claim in this letter, they should be quick to provide us with all the support we need to complete this bipartisan investigation.”

Issa Talks AIG on Fox Business Issa Talks AIG on Bloomberg TV