Rep. Frank on board for AIG hearings

Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, says his committee may hold hearings about Tim Geithner and his role in supressing disclosure of AIG bank payments.

Reports from Thursday indicated that the New York Fed, then headed by Geithner, urged AIG not to disclose that it had paid banks 100 cents on the dollar for "credit default swaps" after its bailout.

"Did they have the authority to tell AIG to pay less than 100 percent or not?" Frank said in an interview with Business Week. "That's an interesting debate. But the important point to make is that we are making sure that that debate will never happen again."

Frank said he still supports Geithner.