Ben Bernanke says he is very angry about bailed-out insurance giant AIG, said Scott Jagow in Marketplace, which is the most emotion the Fed chairman, who usually testifies before Congress “like a zombie,” has ever shown. Still, his Senate hearing Tuesday was like “watching a bad horror movie”—Bernanke said the government had little choice but to “defang” AIG so it doesn’t take down the entire banking system. I guess that makes AIG a “vampire”?
With all the taxpayer infusions, it sure seems like the federal government is “trying to breathe life into a corpse,” said the Peoria, Ill., Journal Star in an editorial. After $180 billion, at some point shouldn’t taxpayers cut their losses and let AIG die? And if it’s other companies, not just AIG, being propped up, “don’t taxpayers have a right to know whom else they’re bailing out?”
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