Tag Archives: senate budget committee


Bernanke Addresses Congress, Defends Another AIG Bailout

March 4, 2009 : Permalink

New York (HedgeCo.Net) –   After handing AIG another $30 billion in taxpayer-funded, government bailout funds, U.S. Federal Reserve Chairman Ben Bernanke defended the decision, with the worn-out argument that the insurer’s failure may trigger an economic domino effect. “We know […]

Bernanke Says Insurer AIG Operated Like a Hedge Fund

March 4, 2009 : Permalink

Bloomberg – Federal Reserve Chairman Ben S. Bernanke said American International Group Inc. operated like a hedge fund and having to rescue the insurer made him “more angry” than any other episode during the financial crisis. “If there is a […]