Ex-Fed Chair Bernanke: wanted to stop AIG default, not punish firm

Former Federal Reserve Chairman Ben Bernanke said on Friday on that prior to the 2008 bailout of American International Group (AIG.N), he was concerned that the insurer “was on the brink of default” and not about punishing AIG. Bernanke’s comments came in a fifth day of testimony by former top g…

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Ex-Fed Chair Bernanke: wanted to stop AIG default, not punish firm

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