Watch Live: Geithner, Bernanke Testify On AIG, Banks
Federal Reserve Chairman Ben Bernanke told a congressional hearing Tuesday he wanted to sue to stop insurance giant AIG from paying millions in employee bonuses, but was talked out of it.
The Fed chairman and Treasury Secretary Tim Geithner were making a rare joint appearance on Capitol Hill, ostensibly to take a scolding over the handling of bonuses at AIG, the giant insurance company that has become the symbol of reckless risk-taking on Wall Street.
