Bernanke Vents About AIG
Tweet
Share
E-mail
Get Alerts AIG Hot Sheet
Price: $75.05 -0.37%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.5%
EPS Growth %: -17.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.5%
EPS Growth %: -17.7%
Join SI Premium – FREE
In his testimony today on Capitol Hill, Federal Reserve Chairman Ben Bernanke showed his frustration with the numerous AIG (NYSE: AIG) bailouts. Bernanke said the rescue of AIG has made him more angry than any other rescue.
Bernanke said AIG's Financial Service unit was basically a hedge fund operating in a traditional insurance company. Bernanke said they had no choice but to step in to rescue AIG to stabilize the system.
Bernanke said AIG's Financial Service unit was basically a hedge fund operating in a traditional insurance company. Bernanke said they had no choice but to step in to rescue AIG to stabilize the system.
You May Also Be Interested In
- Mosaic (MOS), Others Lower Following Trump Post on Potash from Belarus
- AIG names Sierra Signorelli CEO of Americas and Global Personal Insurance
- AMD (AMD) reaches $1 trillion market cap
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
Ben S. Bernanke, Hedge FundsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
