Geithner faces grilling over AIG bailout secrecy

US treasury secretary Timothy Geithner is to face a congressional grilling about suppressed details about deals that funnelled billions to big investment banks while he was president of the Federal Reserve Bank of New York.

Politicians reacted angrily yesterday to revelations in emails sent in late 2008 and early 2009 between lawyers for the New York Fed and insurance giant American International Group (AIG).