Bernanke Vents About AIG
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Price: $74.02 -1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.5%
Revenue Growth %: +6.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.5%
Revenue Growth %: +6.0%
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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.
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