Fed Watched, But Didn't Control AIG In Bailout, Official Says

By Daniel Wilson (October 15, 2014, 8:12 PM EDT) -- A senior Federal Reserve official said Wednesday that the central bank did not attempt to exercise control over American International Group Inc.'s business operations after its 2008 bailout and instead offered only reasonable input on its direction, as trial continued in a shareholder suit over the allegedly heavy-handed deal....

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