Geithner: AIG Bailout Terms Had to Be Unattractive

The transcript covers the ongoing trial involving David Boyce and Tim Geithner, with Ben Bernanke also arriving for testimony. Geithner's testimony focuses on the AIG bailout during the financial crisis, discussing the risks and terms of the agreement. The government questions Geithner on whether the terms were too harsh on shareholders. The coverage is provided by Peter Cook, summarizing the unfolding events.

How did Geithner's testimony change during the trial?

What was the purpose of making the conditions tough for the shareholders?