Insurance Post

Fed chief angered by AIG bailout

Ben Bernanke, chairman of the Federal Reserve, said he was angered by the AIG situation - but had no choice but to bail out the stricken insurer.

"If there is a single episode in this entire 18 months that has made me more angry, I can't think of one other than AIG," he told the US Senate Budget Committee yesterday. "AIG exploited a huge gap in

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