Timothy Geithner

Bernanke Says He Was Reluctant On AIG Bailout Amid Government Lawsuit credit: Chip Somodevilla/Getty Images

Bernanke Says He Was Reluctant On 2008 AIG Bailout

Former 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.

10/10/2014

Jamie Dimon, chairman and CEO of JPMorgan Chase & Co, speaks during An Evening With the Fortune 500 at the New York Stock Exchange on May 7, 2012 in New York City. (credit: Jemal Countess/Getty Images for Time)

FBI Opens Investigation Into JPMorgan’s $2 Billion Loss

The FBI has opened an investigation into the $2 billion loss incurred by JPMorgan Chase, CBS News has learned.

05/15/2012

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