javascript:void(0)

Sunday, 28 September 2014

Six years after AIG bailout, trial asks: was it legal?

The AIG headquarters offices are seen in New York's financial district By Aruna Viswanatha WASHINGTON (Reuters) - One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc was, in fact, legal. In a case that explores the limits on U.S. government power in responding to major financial crises, the trial is expected to revisit in detail the New York Federal Reserve's September 2008 decision to extend a bailout package to AIG as the insurance giant was minutes from bankruptcy. ...








from Business News Headlines - Yahoo! News http://ift.tt/YyPoeT

via IFTTT

No comments:

Post a Comment