Bernanke Explains The Fed's Role In Bank Of America Merril Lynch Merger

Chairman of the Federal Reserve Ben Bernanke responds to Chairman Edolphus Towns question about why federal reserve employees were not completely forthcoming regarding information about the Bank of America Merrill Lynch merger. (1:02)
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AIG Chairman Makes Assurances But No Certainties

By Kayleigh Harvey - Talk Radio News Service

Edward Liddy, Chairman and CEO of AIG appeared before the House Oversight and Government Reform Committee today. Chairman of the Committee Edolphus Towns (D-N.Y.) asked Liddy whether he "could assure that AIG would not need any additional Federal money," and whether he "could assure that taxpayers would get their money back?" Liddy made "assurances" that efforts were being made, but no certainties that this would be the case.
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AIG Cannot Prevent Congress Seeing How Taxpayer Money Is Spent

By Kayleigh Harvey - Talk Radio News Service

Edward Liddy, Chairman and CEO of AIG appeared before the House Oversight and Government Reform Committee today. Chairman of the Committee Edolphus Towns (D-N.Y.) talked about AIG's new project, Project Destiny, which aims to help the financially troubled company get back on track, with Liddy. Asking for more details on the plan, Liddy told Towns he was unable to provide it as it contained "commercially sensitive" information.

Towns asked Liddy, “Do you honestly believe you have a right to prevent Congress from reviewing how the taxpayers money is being spent?”
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