Thursday, October 01, 2015

I'LL TRY TO GET THE DETAILS ON AIG

According to The Telegraph,  Ben Bernanke was incensed at the shenanigans of AIG executives:
Recounting the frenzied deliberations as the Fed grappled with the collapse of giant insurer American International Group, Mr Bernanke says: "I kept my emotions in check and tried to view the situation analytically, as a problem to be solved. But once I fully understood how irresponsible (or clueless) AIG's executives had been, I seethed." AIG eventually received nearly $185bn in federal aid.

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