Federal Reserve System Board of Governors Chairman Ben Bernanke's Testimony As Prepared for Delivery Before the House Financial Services Committee

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Federal Reserve System Board of Governors Chairman Ben Bernanke's Testimony As Prepared for Delivery Before the House Financial Services Committee

CHAIRMAN BERNANKE'S TESTIMONY, AS PREPARED FOR DELIVERY BEFORE THE HOUSE FINANCIAL SERVICES COMMITTEE, AS RELEASED BY THE FEDERAL RESERVE

MARCH 24, 2009

SPEAKER: FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS CHAIRMAN BEN BERNANKE

[*] BERNANKE: Chairman Frank, Ranking Member Bachus, and other members of the Committee, I appreciate having this opportunity to discuss the Federal Reserve's involvement with American International Group, Inc. (AIG). In my testimony, I will describe why supporting AIG was a difficult but nec...

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