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.

AIG stabilizes, new bailout plan considered

By Reuters Staff
September 21, 2009

The American International Group (AIG) building is seen in New York, March 24, 2009. WASHINGTON/NEW YORK, Sept 21 (Reuters) – Insurer American International Group Inc’s once-desperate financial state has started to stabilize, a government agency said on Monday, as an influential lawmaker said he would look at easing the terms of the insurer’s federal bailout once more.