WASHINGTON (CNN) – As the furor over AIG bonuses rages on Capitol Hill, a Republican congressman is calling for Treasury Secretary Timothy Geithner to "resign or be fired."
"Well before Timothy Geithner became Secretary of the Treasury, he was working hand-in-hand with AIG and other financial institutions to provide them hundreds of billions of dollars of taxpayer money as one of the key architects of the financial sector bailout," Florida Rep. Connie Mack said in a statement released Wednesday. "I was outspoken against the bailouts then, and I'm even more outraged now."
"I've had serious concerns about Secretary Geithner from the moment he was nominated. In the months since, he has shown us time and again why he was the wrong choice for this critical post. This week's news on the AIG bonus scandal is but the latest fiasco under his watch and he has lost the confidence of the American people."
"Quite simply, the Timothy Geithner experience has been a disaster."
Update: Rep. Darrell Issa, ranking Republican on the Oversight and Government Reform Committee, also called on Geithner to step down.
"As one of the chief architects of the AIG bailout, Secretary Geithner was in a position to do what any lender of the last resort would do – negotiate concessions from AIG," he said in a statement released Wednesday afternoon.
"Secretary Geithner either didn't know about the bonuses, and was grossly negligent, or he did know and failed to bring this to the President's attention. Either way, the end result has been a significant waste of taxpayer dollars and he should take immediate responsibility and resign."
Earlier Wednesday, the conservative California congressman called on the White House to send him information before next week revealing "who within the Administration knew what, when" about the AIG bonuses.