Bernanke Says He Was Reluctant On 2008 AIG BailoutFormer Federal Reserve Chairman Ben Bernanke etched a portrait Friday of his initial reluctance to have the central bank rescue American International Group Inc. in 2008. But he ultimately came to believe the $85 billion bailout loan to the company was needed to avert a shock to the financial system.
Ex-CEO Greenberg: Don't Blame Me For AIG Failure Four and a half years after insurance giant AIG collapsed, leading to the biggest bailout of the financial crisis, former CEO Hank Greenberg has one message: Don't blame me.
Opinion: Auto And Bank Bailouts Prove EffectiveOn Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Executives At AIG, Ally And GM Take Pay Cuts Following Government BailoutTop executives at three companies bailed out by U.S. taxpayers during the 2008 financial crisis were ordered to take pay cuts by the federal government.
AIG Tax Breaks Under Fire From Bailout WatchdogsFormer members of a congressional panel that oversaw bailouts during the financial crisis blasted the Treasury Department for quietly granting a tax break worth billions to AIG.
Bailout Watchdogs Condemn AIG Tax Break Former members of a congressional panel that oversaw bailouts during the financial crisis blasted the Treasury Department on Monday for quietly granting a tax break worth billions to insurance giant American International Group.