Responding to charges that the Federal Reserve tried to hide details of the U.S. government's bailout of American International Group, Fed Chairman Ben Bernanke asked the Government Accountability Office to audit the central bank's actions. Bernanke promised in a letter to congressional auditors that the Fed would make available "all records and personnel necessary" to conduct the audit. Meanwhile, a House committee that had subpoenaed material related to AIG's bailout received 250,000 pages of documents from the Federal Reserve Bank of New York.

Related Summaries