Timothy Geithner Says AIG, Citigroup, Morgan Stanley Faced 'Proportionate' Losses For Mistakes Amid Financial Collapse

Timothy Geithner said the U.S. government forced similar "proportionate" losses on shareholders for American International Group and banks Citigroup Inc. and Morgan Stanley based on the firm's mistakes that allegedly contributed to the 2009 global recession. Geithner entered his second day of testimony Wednesday during the AIG bailout trial in federal court.