Breaking News about AIG:

Former AIG Boss Hank Greenberg Bets On Obamacare

Source: Business Balla | Feb 17 2014, 5:10pm CST | by Forbes

Maurice “Hank” Greenberg, who built AIG into an insurance powerhouse, bought medical claims processor MultiPlan for $4....
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Bernanke comes alive at AIG bailout trial

Oct 10 2014 4:22pm CDT | Source: CNBC

He may have been a reluctant witness, but former Fed Chairman Ben Bernanke delivered powerful testimony during the 10th day ...
Full article at: CNBC


Bernanke: Public reaction to AIG a concern

Oct 10 2014 1:25pm CDT | Source: USATODAY

Former Fed chief worried that Congress would think AIG was being treated lightly ...
Full article at: USATODAY


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Jon Stewart Destroys Hank Greenberg Over His AIG Lawsuit

Oct 10 2014 1:14pm CDT | Source: Business Insider

Jon Stewart shredded Hank Greenberg, the former head of AIG, Thursday night on "The Daily Show."  Greenberg, who ran AIG from 1962 until 2005, is suing the U.S. government over its takeover of the insurance giant during the 2008 financial crisis. Greenberg still owns a ton of AIG stock, and he thinks the bailout was unfair to shareholders who didn't have a choice in the matter. Stewart likened Green ...
Full article at: Business Insider


DealBook: A.I.G. Had No Better Offer, Bernanke Testifies in Trial

Oct 9 2014 7:48pm CDT | Source: NewYorkTimes-Business Day

Ben S. Bernanke, the former Federal Reserve chairman, kept his answers brief on the stand in the lawsuit over the 2008 bailout ...
Full article at: NewYorkTimes-Business Day


Bernanke defends AIG bailout in court

Oct 9 2014 5:59pm CDT | Source: CNBC

During court testimony, Bernanke defended the government's bailout package for AIG, including an equity stake taken by the govern ...
Full article at: CNBC


Email alias emerges in Bernanke testimony

Oct 9 2014 5:39pm CDT | Source: FT

Ex Fed chair used Edward Quince name in AIG rescue correspond ...
Full article at: FT


Business Highlights

Oct 9 2014 5:12pm CDT | Source: Canadian Business Online

___ As market sinks, investors brace for turbulence NEW YORK (AP) — The stock market had its worst day of the year Thursday, just 24 hours after recording its best. The Dow Jones industrial average plunged 334 points as falling energy stocks and worries about the global economy sent investors fleeing out of the market. The blue-chip index rose 275 points the day before. For three years, U.S. investors have enjoyed a stock market that has, for the most part, q ...
Full article at: Canadian Business Online


Former Fed Chair Bernanke takes stand, underscores need for 2008 AIG bailout

Oct 9 2014 2:10pm CDT | Source: Canadian Business Online

WASHINGTON – Former Federal Reserve Chairman Ben Bernanke has testified in federal court that insurance giant American Group Inc. had to be rescued by the government in 2008 to avert global catastrophe. Bernanke took the stand at a trial of a lawsuit brought by former AIG Chairman and CEO Maurice Greenberg, who is suing the government over its handling of AIG’s bailout loan. Bernanke was one of the key decision makers on the bailout, which began with an $85 billion rescue loan from th ...
Full article at: Canadian Business Online


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