WASHINGTON–Entities that engaged in credit default swaps with American International Group could have transaction details made public, Federal Reserve Chairman Ben Bernanke told a congressional panel yesterday.
His comments came at a House Financial Services Committee hearing, when Rep. Carolyn Maloney, D-N.Y., asked about the possibility of finding out exactly whom AIG engaged in credit default swap transactions with.
“Since the government is now running AIG, we should have full disclosure,” she said. The company has received pledges of $150 billion in government support, and in return has received a 79.9 percent interest in the conglomerate.
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