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Originally Posted by kerry
Did your friend elaborate on why?
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Not really, and I probably wouldn't have understood his reasons anyway. He said that he found Bernanke to be remarkably open and transparent, which is unusual for a sitting Fed Chairman.
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I heard on the news tonight that Bernanke knew about the AIG bonuses prior to them being awarded and did not stop them.
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The AIG bonus issue is a political issue. While $165 million is nothing to sneeze at, I don't think it affects the Federal Reserve. I don't know why Bernanke should have done anything about them.