Fed asks for audit of AIG bailout

In the face of growing criticism over the decision to support the failed insurer AIG in 2008, US Federal Reserve chairman Ben Bernanke has asked the Government Accountability Office (GAO) to audit the bailout.

Scrutiny of the bailout has been growing this month and is set to culminate next week, with hearings on January 27 before the House Committee on Oversight and Government Reform, at which former Treasury Secretary Henry Paulson and his successor Tim Geithner are to testify. Details of the

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