Fed: World Largest Insurance Company AIG Irresponsible

“Fed Chief Says Insurance Giant Acted Irresponsibly” report Stout, Knowlton, and Zeleny in the New York Times yesterday. The talk is about AIG, the largest insurance company in the world. Presenting to the U.S. Senate Budget Committee, U.S. Federal Reserve Chair Ben Bernanke concluded the country was facing “a prolonged episode of economic stagnation” if [...]