Financial Regulatory Forum

Bernanke seeks government audit of Fed’s AIG bailout

By Reuters Staff
January 19, 2010

WASHINGTON, Jan 19 (Reuters) – U.S. Federal Reserve chairman Ben Bernanke on Tuesday asked a government auditor to review the Fed’s actions in bailing out American International Group IncĀ in 2008, as controversy persisted over the central bank’s role in extending billions in credit to the insurer.

U.S. House OKs Fed audit provision, eyes on Senate

By Reuters Staff
December 12, 2009

By Mark Felsenthal

WASHINGTON, Dec 11 (Reuters) – The U.S. Federal Reserve on Friday lost the opening round in a battle to defeat a congressional plan to subject its interest rate decisions to audits, and will now look for a comeback victory when the Senate starts to move on regulatory reforms.