On the recordJanuary 9, 2024
AIG was famously referred to, if I remember correctly, by the Republican Federal Reserve Chair, Ben Bernanke, as a, 'healthy and well-run insurance company with a hedge fund grafted onto it.'
Source
congress.govAIG was famously referred to, if I remember correctly, by the Republican Federal Reserve Chair, Ben Bernanke, as a, 'healthy and well-run insurance company with a hedge fund grafted onto it.'
Foster discusses the risks posed by AIG and the importance of regulation.
Share & report
More from Bill Foster
If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…
As the global economy changes, financial firms and their regulators must remain well-apprised of new and emerging risks.
Many of you have mentioned the fact that the U.S. is often a leader in these international discussions.