Bernanke on AIG bailout News

Government Prepares Defense in AIG Bailout Trial

David Boies spent much of the past month interrogating the architects of the 2008 Wall Street bailout, making the case that the U.S. cheated American International Group Inc. shareholders of at least $25 billion partly for the benefit of an …

Bernanke Denies Bailout Terms Were Meant to Punish AIG

Former Federal Reserve Chairman Ben Bernanke said he wasn’t looking to punish American International Group Inc. for mismanagement when the board of governors authorized an emergency loan to the distressed insurer at a steep interest rate and with a demand …