Financial Regulatory Forum

Bernanke seeks government audit of Fed’s AIG bailout

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.

Bernanke, in a letter to Acting Comptroller General Gene Dodaro, said the Fed would make available to the Government Accountability Office all documents and personnel necessary to conduct the review.

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AIG stabilizes, new bailout plan considered

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.

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