Money.CNN.com
By Jennifer Liberto @CNNMoney
July 25, 2012: 1:02 PM ET
Treasury Secretary Tim Geithner defended his role at the New York Fed, which got early reports of Libor rigging.
WASHINGTON (CNNMoney) -- Treasury Secretary Tim Geithner on Wednesday defended his role, as New York Federal Reserve president in 2008, in dealing with early warnings that a key financial benchmark was being rigged.
Geithner told the House Financial Services Committee that he briefed U.S. regulators and the White House when Barclays bankers told the New York Fed that the bank was submitting false estimates to determine Libor. He said he also briefed British authorities.
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