House Oversight and Government Reform Committee Chairman Edolphus Towns is asking Treasury Secretary Timothy Geithner to prove he is holding bailed-out companies accountable to executive compensation standards.

In a letter released Tuesday, the New York Democrat asked Geithner to explain reports that the Treasury has set up special entities to serve as middlemen that would receive federal bailout funds and then channel the money to corporate recipients to avoid restrictions on executive pay and requirements that the government obtain an ownership interest in bailed-out firms.

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