Bernanke Says Fed Would Welcome 'Full Review' by GAO of AIG Rescue Package @ Forex Factory

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Bernanke Says Fed Would Welcome 'Full Review' by GAO of AIG Rescue Package

Federal Reserve Chairman Ben S. Bernanke invited congressional auditors to conduct a “full review” of the central bank’s aid to American International Group Inc. after lawmakers accused the Fed of trying to conceal information about the bailout. “The Federal Reserve would welcome a full review by GAO of all aspects of our involvement in the extension of credit to AIG,” Bernanke said today in a letter to Gene Dodaro, acting head of the Government Accountability Office, that was released by the Fed. Bernanke’s letter coincides with efforts by lawmakers to obtain more details on the Fed’s oversight of AIG after e-mails released this month showed that the New York Fed asked the company... Full Story

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Submitted Jan 19, 2010 7:47pm

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