Ben Bernanke Tells Judge He Wasnt Looking to Punish AIG

The transcript covers Bernanke's testimony regarding the AIG bailout during the 2008 financial crisis. Bernanke's demeanor was mostly serious, with a brief humorous moment. The case questions the legality of the Fed's actions and the harshness of the bailout terms. The government's defense argues that the intervention was necessary to prevent greater losses for shareholders.

What was Bernanke's demeanor during his testimony?

• He was angry and confrontational.

• He was confused and unsure.

• He was dismissive and reluctant to reveal much.

• He was very open and forthcoming.

What is one of the central issues in the AIG case?

• Whether AIG was a profitable company.

• The impact of AIG's policies on small businesses.

• The role of AIG in the housing market crash.

• If the Fed had the legal authority to take equity in AIG.

How did the interest rates for AIG's bailout compare to those for banks during the financial crisis?

• AIG did not have to pay any interest.

• AIG paid more interest than banks.

• AIG paid the same interest as banks.

• AIG paid less interest than banks.

What is Greenberg's legal team trying to prove about the bailout terms?

• They were irrelevant to the case.

• They were fair and justified.

• They were excessively harsh compared to other borrowers.

• They were beneficial to AIG's competitors.

What is the government's main argument in defense of the AIG bailout?

• AIG was not affected by the financial crisis.

• AIG was a bank and deserved the same treatment.

• Shareholders would have lost more without the bailout.

• The bailout was unnecessary and costly.