Tuesday, March 27, 2012

Fiction or Non Fiction?

“The rescue of AIG prevented even greater shocks to the global financial system,” Bernanke said in slides. “Over time, AIG stabilized. It has repaid the Fed with interest and has made progress in reducing Treasury’s stake in the company.”

Ben Bernanke 

 Carefully scripted to give the impression that AIG has paid off the entirety of its bailout package and that we are out of harm's way, because of the actions of the Fed?