Timothy Geithner again supported the rescue of the American International Group in the hearing on Wednesday.

A decisive member of the House Oversight Committee, Rep. John Mica, said, "We're getting a lame story. I don't know why we shouldn't request your resignation".

Responding to this calmly, Geithner said that he thought he had served the country carefully and would continue to do so as long as the president desired. As Geithner said that a fall down of AIG would have been disastrous and would have put the United States at threat of Great Depression, the questioning further became more of a cross-examination.

After the committee's senior Republican member, Rep. Darrell Issa of California, received an e-mail messages that suggested "the Federal Reserve Bank of New York had prevented AIG from revealing certain facts about the bailout in its filings with the Securities and Exchange Commission", the hearing on Wednesday was rounded up.

Earlier the controversies have involved "the payment of sizable executive bonuses, and the fact that when the New York Fed first lent $85 billion to AIG, about $30 billion of it went to a group of big American and foreign banks."

Giving explanations for his involvement in editing AIG's public disclosures about the bailout Thomas Baxter Jr., the New York Fed's general counsel, said, "Descriptions about the flow of bailout money to AIG's trading partners were not needed because the company's regulatory filings offered more precise information".