AIG Bailout Makes Me Angrier Than Others: Bernanke

Law360 (March 3, 2009, 12:00 AM EST) -- Federal Reserve Chairman Ben S. Bernanke blasted crumbling insurance giant American International Group Inc. in U.S. Senate testimony Tuesday, saying that the actions of the world's largest insurance company made him angry and that the company was being recapitalized for the sole purpose of selling off its noncore assets.

“If there's a single episode in this entire 18 months that has made me more angry, I can't think of one other than AIG,” Bernanke said in testimony before the Senate Budget Committee. “AIG exploited a huge...
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