Trial Questioning Legality of AIG Bailout to Begin

One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc. was, in fact, legal. In a case that explores the limits on U.S. government power in responding to major financial crises, the trial is expected to revisit in detail the New York Federal Reserve's September 2008 decision to extend a bailout package to AIG as the insurance giant...

© La Voix de l'Amérique - lundi 29 septembre 2014